The market continued its upside momentum in Monday’s trading session to touch another milestone of an all-time high of 9,637.75. The benchmark Sensex also recorded fresh all-time high of 31,214.
Although, the market gained upside momentum but failed to hold on its gains on the upper edge and witnessed some selling pressure twice when the market reached on top leaving behind a spinning top candle formation on the Nifty daily charts.
The immediate support zone for the coming session is placed at 9,565-9,570 and if the index sustains below these level for long would activate bears in the market.
Although, the market gained upside momentum but failed to hold on its gains on the upper edge and witnessed some selling pressure twice when the market reached on top leaving behind a spinning top candle formation on the Nifty daily charts.
The immediate support zone for the coming session is placed at 9,565-9,570 and if the index sustains below these level for long would activate bears in the market.
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