Sensex, Nifty updates on November 27, 2024: Domestic markets are anticipated to open slightly positive on Wednesday, influenced by mixed global cues. Mandar Bhojane from Choice Broking noted that the Nifty is in a consolidation phase, with a marginal rise in the India VIX indicating heightened uncertainty. Key resistance levels are identified at 24,500 and 24,700 strike prices, while support levels are at 24,000 and 23,500. Investors are advised to accumulate quality stocks during dips and uphold disciplined risk management strategies. The Gift Nifty suggests a potential gain of 40-50 points at open, despite early trading showing declines in Asian markets. Attention is on the rollover of open positions in the derivatives market, with November contracts set to expire Thursday. Analysts have observed a return of foreign portfolio investors as buyers, which could limit downside risks if the trend continues. Additionally, options data shows balanced sentiment with significant activity around the 24,500 call and 24,000 put, indicating potential resistance and support levels.
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