Ripple Advisory, Top 15 things to know before Opening Bell
The Nifty 50 index made a strong bearish candle on the weekly charts and a small bearish candle on the daily charts.
The Nifty 50 closed below its crucial support level of 10,000 levels for the first time since October 11, 2017, which does not auger well for the bulls. However, technical chartists suggest that the downside still remains fairly limited and investors should avoid making fresh short positions.
The Nifty50 which opened at 9968 reclaimed its crucial support level of 10,000 to hit its intraday high of 10,027 but then bears took control of the index and pushed the index to its intraday low of 9951. It closed 116 points lower at 9998.
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