#Nifty50 and #Banknifty both saw some stiff resistances in today's broad-market fall. This could be profit booking considering how the markets have gained consistently so far.
Generally, after a big move we have seen price consolidating or moving in a range-bound way, however today we saw several massive candles being formed. Option decay was fairly high, but buyers could have made decent returns in momentum.
Option sellers might have had a tough day if they were on the wrong side as option prices appeared to be moving a little fast.
All top stocks faced some resistance today, but that's natural as neither of them was particularly bullish, to begin with.
Important Nifty levels and Banknifty levels for tomorrow: