At close, the Sensex was down 1,170.12 points, at 58,465.89, and the Nifty was down 348 points,at 17,416.50.All the sectoral indices ended in the red, with Nifty Bank, auto, energy and PSU bank indices down 2-4 percent.
Technical View
The Nifty formed a big bearish candle on the daily scale and formed lower highs-lower lows from the fourth straight session.If the Nifty remains below 17,500, weakness could continue towards 17,250 and 17,000, whereas upside hurdles exist at 17,650 and 17,777,.The short-term trend has been disrupted. If the momentum continues, the index can slide to 16,850.
FOR MORE NIFTY UPDATES PLEASE FILL THE FORM->>>>
More about intraday tips Whatsapp On 9039542248
Resistance: 17600, 17700, 17800
Support: 17500, 17400, 17300
No comments:
Post a Comment