IGI Logo

Nifty

* Nifty plunged sharply lower and lost over one percent amid the prevailing corrective phase.

* Barring Pharma and IT, all the sectors traded in tandem with the benchmark indices and ended with deep cuts.

* Weak global cues has dented the sentiments.

* A decisive break down below 18,100 in Nifty could intensify the selling.

Banknifty

* Banking index also witnessed a sharp decline and lost over one and a half percent in a volatile trading session.

* It has slipped below its critical support zone of 42,900 and settled below the same.

* The selling pressure was widespread which has dragged the index further lower.

* We suggest traders to stay light and initiate few shorts as well.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer