Today at
higher levels, we continue to face selling pressure. 17600 is the key resistance level and until we turn the corner on a closing basis, we will continue to see sideways to bearish trends. We are in a trading zone and we should be patient as the stops are large and unforgiving.
Today nifty ended on a negative note in today's high-volatility session dragged by auto, bank, metal, and IT stocks. At close, the sensex was down 145.37 points or 0.25% at
57,996,& the nifty was down 30 points or 0.17% at 17,322. The shares rose by about 1958, declined by 1309, and remained unchanged by 99.
SUPPORT :17193,17089,16834
RESISTANCE : 17448,17599,17854
Among today's top losers, Power Grid Corporation, UltraTech Cement, NTPC, ICICI Bank, and SBI rank among the losers, while Divis Labs, Adani Ports, ONGC, IOC, and HDFC Life rank among the gainers. A sell-off was seen in the auto, IT, power, metal, PSU bank and capital goods indices, while the healthcare, oil & gas and realty indices recorded gains. The midcap and smallcap indices ended flat and up, respectively.
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