NIFTY falls 2.66%! Check out the opportunity it provides
Nifty - Technical Analysis:
-Nifty gaps up above 11700 but sellers take control as markets fall drastically ending down 2.65%
-Volatility index, India VIX, shot up over 26 per cent to nearly 30 levels.
Market - Driving Factors:
-Analysts are of the view that the reports of the Indo-China border tensions might have spooked investors, pushing them to take some money off the table as the market is at higher levels.
-The Nifty sectoral indices were all in the red, led by Nifty PSU Bank index, down 5 per cent.
-Rupee ends at 73.61 per US dollar against August 28 close of 73.39 per US dollar
Nifty - Outlook for Friday, 28th August:
Nifty is testing the lower trendline in the graph, We can expect a small pull back and another test of the trend line. Traders are required to be cautious while investors can book profits if markets move down from here.
-Nifty gaps up above 11700 but sellers take control as markets fall drastically ending down 2.65%
-Volatility index, India VIX, shot up over 26 per cent to nearly 30 levels.
Market - Driving Factors:
-Analysts are of the view that the reports of the Indo-China border tensions might have spooked investors, pushing them to take some money off the table as the market is at higher levels.
-The Nifty sectoral indices were all in the red, led by Nifty PSU Bank index, down 5 per cent.
-Rupee ends at 73.61 per US dollar against August 28 close of 73.39 per US dollar
Nifty - Outlook for Friday, 28th August:
Nifty is testing the lower trendline in the graph, We can expect a small pull back and another test of the trend line. Traders are required to be cautious while investors can book profits if markets move down from here.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.