Still, Friday’s session may see some followup positive moves in the initial trade.
Thursday’s session is likely to see 11,745 and 11,810 levels act as stiff resistance.
Despite volatility, the 50-stock index managed to defend its 50-day moving average (DMA).
Given the sharp selloff, a mild technical pullback cannot be ruled out on Tuesday.
Monday’s session is likely to see 10,860 and 10,930 levels act as resistance.
From the peak, VIX has corrected 51 per cent, while Nifty remains at elevated levels.
On Friday, 11,950 and 12,000 levels may act as strong resistance points for Nifty.
Thursday’s session is likely to see 11,960 and 12,000 levels act as resistance points.
The market is showing multiple signs pointing towards a decisive move on either side.
Tuesday’s session is likely to see 11,975 and 12,010 levels act as resistance points.
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