Nifty has immediate support in 10,920-10,850 and resistance around the 11,100-11,150 zone.
Inversion of yield is a phenomenon where long-term bond yield drops below short-term yield.
With economy slowing down, can they continue with the good show and reward investors?
If the index manages to hold above 11,080, it may move towards the 11,140-11,200 range.
NSE Nifty failed to cross its 200-DMA at the 11,170 level, leading to a massive decline.
On Tuesday, largecaps such as Bajaj Finance, L&T and HDFC witnessed selling pressure.
The MACD signalled bullish crossovers on these counters, hinting at possible upsides.
Morgan Stanley said it is time to take a relook on the counter.
Markets will be shut on account of Bakri Id on Monday and Independence Day on Thursday.
For the week, BSE Sensex rose 1.24%, to 37,581, while NSE advanced 1.02% to 11,109.
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