Nifty ended at 9,964.4 level, down by 157.5 points, while Sensex closed
at 31,922 level, down by 447 points on Friday. Nifty and Sensex
witnessed the biggest 10-day fall in the past 10 months. There were 207
advances, 1,464 declines and 290 unchanged stocks on NSE, reflecting
strong negative sentiments floating in the market.
Nifty50 index has breached multiple support levels of 10-DMA of 10,087, 21-DMA of 9,993 and 50-DMA of 9,953 in Friday’s trading session. The index has formed a long bearish candle on the daily technical charts and a 'Bearish Engulfing' pattern on the weekly technical charts. It has witnessed biggest intraday fall in 10 months.
Nifty50 has strong support placed in the region of 9,900-9,920, however, breaching this support level may open up for further correction up to levels of 9,850. On the flip side, the level of 10,000-10,040 may act as stiff resistance zone now.
Nifty50 index has breached multiple support levels of 10-DMA of 10,087, 21-DMA of 9,993 and 50-DMA of 9,953 in Friday’s trading session. The index has formed a long bearish candle on the daily technical charts and a 'Bearish Engulfing' pattern on the weekly technical charts. It has witnessed biggest intraday fall in 10 months.
Nifty50 has strong support placed in the region of 9,900-9,920, however, breaching this support level may open up for further correction up to levels of 9,850. On the flip side, the level of 10,000-10,040 may act as stiff resistance zone now.
BUY DLF 170 PUT ABOVE 2.50 TG 2.90, 3.30, 3.80 SL 1.90,
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