In a disappointing session on Tuesday, the domestic stock market opened with a mild cut, but continued to slide as the session progressed. After testing sub-10,800 levels during intraday trade, NSE Nifty recovered a bit to end 185.90 points or 1.69 per cent lower at 10,817.60.
Nifty setup remains very weak and any pull back does not seem to last longer.
Since the support resistance gap is very wide 10733-11063, it is better to watch out trade as our prices may go haywire due to high volatility.
Will suggest trade during the day.
NIFTY AND BANK NIFTY RANGE FOR 18/9/19
RESISTANCE 3 11050 28120
RESISTANCE 2 11030 28040
RESISTANCE 1 10950 27725
SUPPORT 1 10830 27190
SUPPORT 2 10738 26830
CLOSE ON 17/9/19 10817 27131
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