Market Wrap Up :Market remains indecisive, Nifty settles on a subdued note Says Mr. Osho Krishan, Angel One
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/06/1c849a985d4d0f3a317762806ba68bec.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 is the Daily Market Wrap Up By Mr. Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One Ltd
The weakness in the global bourses over the weekend amidst the rising concern about inflation data, led to a muted opening for our equity markets. The benchmark index had a mild start to the truncated week and stayed in a slender range for the major part of the session. However, by the day's end, some recovery was seen from the lows, and the index eventually settled on a positive note, a tad below the 18700 level procuring 0.14 percent in the day.
Technically, there have been no significant changes in the chart structure and even with the small ‘Doji' formation, the market seemed quite indecisive. As far as levels are concerned, a decisive closure above the 18720-18750 zone would only affirm the strength in the benchmark. Whereas on the downside, 18650-18600 is likely to act as a critical support zone and any breach below the same could disrupt the nearby trend in the market.
Going forward, sectoral rotation is evident and thus, we would advocate traders to emphasize on the thematic movers till the indices trend remains uncertain. Simultaneously, one needs to keep a close tab on global developments which may act as catalysts to dictate near-term trend and have a pragmatic approach to the indices.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/port57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tradebulls Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _15.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit market watch.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/mobile57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/6b3c1a932eecc597e7ebc63801f5c2dc.jpg)
Quote on Silver : Silver price falls in recent weeks Says Prathamesh Mallya, Angel One
![Bank Nifty Write Up : In this scenario, immediate support is found at levels around 45000 to 44900 Says Mr. Rajesh Bhosale, Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/052de8b6a271b140ab7a7b65c5f180c9.jpg)
![Market Wrap-Up : Bulls on a roll; Nifty set for the 20K milestone Says Mr. Osho Krishan, Angel One Ltd.](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c3b473fde94c5c2a730f44acc4341955.jpg)
![Commodity Quote on Base Metals (Copper) by Mr. Saish Sandeep Sawant Dessai, Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/6208478cde315d3c636b81253e95bd4b.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/01/099dffc6bb4c28d7085e6ea9bd7441a0.jpg)
January series is an historical one as the benchmark index By Sneha Seth, Angel Broking
![Post-market comment by Mandar Bhojane, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker_88.jpg)
![Daily Market Commentary : Barring Metals, PSU Bank, and Realty, all sectors ended in red Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/uploads/news/Broker _18.jpg)
![Market Quote : Indian markets opened on positive note following positive overall Asian markets Says Mr.Narendra Solanki, Anand Rathi Shares & Stock Brokers](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/11/2ebb9cf1e8a4f2c764b8c56a6eb7054b.jpg)