The market once again tested the short-term support of 20-DMA, which stands a 9,577.
Dalal Street is likely to witness a weak start today after Fed's announcement of rate hike.
Pattern analysis suggests Nifty50 continues to remain above the rising trend line.
The breach of the 9,550 zone will bring in some more weakness to the market.
9,680 and 9,710 levels will act as key resistance, and supports may be at 9,580 and 9,550.
Even with the underlying trend remaining intact, market remains prone to corrective action.
Measuring tools peg likely Nifty target for the near term at 10,000-10,200 levels.
On Friday, we expect the 9,675 and 9,710 levels to act as immediate resistance for the Nifty.
Market continued to hang in a precarious balance and has been trying to avoid correction.
Pattern analysis shows the market is still ruling above the upper trend line.
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