Market Wrap Up - Once again last hour selling drags Nifty lower by Mr. Ruchit Jain, Angel Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/5819a9635553e9504571c77984720506.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Quote on Market Wrap Up - Once again last hour selling drags Nifty lower by Mr. Ruchit Jain, Chief Analyst-Technical and Derivatives, Angel Broking Ltd
“Nifty started the day marginally positive, but it consolidated in a range for most part of the day. However, we saw some sell-off in that last hour of the trade and Nifty ended the session with a loss of over half a percent.
It was a day of consolidation for our markets wherein Nifty traded within a narrow range for most part of the day. But clearly, as the index is approaching the 15900 mark, it is again witnessing lack of strength to surpass that. The index continues to trade within a range which seems to be a time-wise correction phase. The immediate support for Nifty is placed around 15600 while 15800-15820 would be resistance for the coming session. Since the index is consolidating within a range, a breakout beyond the broad range of 15500-15900 would be the deciding factor for the next leg of directional move. Whether the expiry day leads to a breakout that needs to be seen, but till then we continue to advise traders to trade with a stock specific approach.
As mentioned in our previous article, the banking index could play a pivotal role in the next directional move for the market. Hence, it is advisable to keep a close tab on this space for any early signs of momentum on the expiry day.”
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/nitingadkari37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v68_wcHr0zT.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IT Sector03.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bharti Airtel Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar21.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Stock bull.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dixon technologies Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/BHARTI HEXACOM.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_India.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Apollo Tyres Ltd.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/fc4f4e055fbeb1c90e1947acbc9ed535.jpg)
On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
![Nifty started the day marginally positive and traded in a range for the first couple of hours - Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/76f068e997559da07c573304813e5eb1.jpg)
![Quote on Real-estate sector update By Mr. Yash Gupta, Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/4b5a0a599bcbe376a888db007b60cf05.jpg)
![Our markets had a remarkable comeback in last four sessions as we not only managed to recover from lows but also went on to clock fresh highs - Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/1ed485bceaf71b7ee647be1831341885.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/04/4501400c223667a1b044da1f6219cfb7.jpg)
Quote on Today`s Market Performance 5 April 2021 by Mr. Deepak Jasani, HDFC Securities
![Morning Market Quote : The core inflation also has declined to 5.8% Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/497cafa2c1beec695cb02b882896f179.jpg)
![Daily Market Commentary : Nifty has been trading between 19400-19500 range for the last 6 trading sessions and has shown strength at lower levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/f2c752c1655f588f150a87136cc677fe.jpg)
![Relentless rally continues, 18000 conquered with an ease By Sameet Chavan, Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/9ed080388a4ed8f03a00eff1886e48bb.jpg)