The market witnessed a gap down opening on the very first session of the week and remained under selling pressure throughout the entire session.
Although market witnessed profit taking at higher levels. The only thing that is supporting the market right now is that it is trading well above 20-DMA.
The Nifty is still trading in a sideways broader range where 9,585 seems to be an immediate support for Nifty, only a close below could bring some more selling pressure in the market until then traders should expect a sideways movement to remain intact for a while.
Although market witnessed profit taking at higher levels. The only thing that is supporting the market right now is that it is trading well above 20-DMA.
The Nifty is still trading in a sideways broader range where 9,585 seems to be an immediate support for Nifty, only a close below could bring some more selling pressure in the market until then traders should expect a sideways movement to remain intact for a while.
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