Lawrence G. McMillan is president of McMillan Analysis, a registered investment and commodity trading advisor. McMillan may hold positions in securities recommended in this report, both personally and in client accounts. He is an experienced trader and money manager and is the author of “Options as a Strategic Investment.” www.optionstrategist.com.

For Nifty-50, the zone of 24650-24600 level will act as important support for the index. While on the upside, the zone of 25050-25100 will act as a crucial hurdle for the index, as per analysts.

Powell's speech at Jackson Hole will set the tone for policy through the rest of this year. BofA says the speech will drive big swings in these stocks.