indiamarketoutlook

Nifty Doji candle stick observed

NSE:NIFTY   Nifty 50 Index
Nifty
  • Nifty recovered 100 points from the lows of the day to close at 19436 (S2 19430)
  • It formed a Doji candle reflecting a fight between Bulls and Bears
  • Below today’s low, may open doors for a further fall of potentially another 100 -120 odd points
  • Short sellers can trail SL to 19482 as sustaining above that, a Short covering rally may come in.

FIIs sold in Cash Market to the tune of Rs 4424.02 Cr
DIIs have bought in Cash Market to the tune of Rs 1769.49 Cr

Important levels which may act as Support and resistance for the day

Imp levels on the upside: 19482 / 19535 / 19565
Imp levels on the downside 19368 / 19344 / 19233

Take care & safe trading...!!!

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