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View Full Version : Nifty Shows 1st Signs of Profit Booking, Weekly Support of 8525 Critical



DynamicLevels
08-11-2016, 05:54 AM
Indian Market Index Nifty (https://www.dynamiclevels.com/en/nifty/nifty-share-price) saw the first signs of profit booking yesterday as it corrected by 100 points. The sell-off was seen throughout the day. The selling was throughout all sectors along with Bank Nifty (https://www.dynamiclevels.com/en/bank-nifty/bank-nifty-share-price-forecast) and CNX Small Cap. A majority of PSU banks are slated to declare their results today and tomorrow. State Bank of India will declare its results tomorrow in market hours which can lead to volatility in the markets. FII and Pro combined have become sellers in index options and above average selling was witnessed yesterday. The combine position of FII and DII have been sellers in cash markets for second consecutive day. This signifies correction is on the cards which can continue for some time.Top 5 gainers were Adani Ports, Bank of Baroda (https://www.dynamiclevels.com/en/bank-of-baroda-share-price-history), TCS, HCLTECH and Zee Entertainment.

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08-12-2016, 06:33 AM
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