NIFTY 50 VIEW
Nifty 50 (10599)
▪Nifty yesterday gave a gap down opening and maintained to remain in downtrend all through the day.
▪It showed a small pull back twice due to volatility of bank nifty expiry but gave close below 10600 near the low of the day.
▪Today if it shows one more gap down selling will take over the index and it can show 10520..10430..10220
▪If nifty holds 10540 levels and trades above 10650 it can show 10720..10840
Nifty 50 (10599)
▪Nifty yesterday gave a gap down opening and maintained to remain in downtrend all through the day.
▪It showed a small pull back twice due to volatility of bank nifty expiry but gave close below 10600 near the low of the day.
▪Today if it shows one more gap down selling will take over the index and it can show 10520..10430..10220
▪If nifty holds 10540 levels and trades above 10650 it can show 10720..10840
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