Nifty Struggles, Ends below 8100
DSIJ Intelligence / 17 Nov 2016
The NSE 50 and The BSE 30 shares witnessed another session, which was closed in red mark. IT index witnessed selling pressure down by 130 points followed by Mid-caps and Small-Caps. The Nifty ended down by 32 points at 8079. The Sensex closed at 26227, down by 71 points. The indices ended in red by 0.27-0.39 per cent respectively.
The NSE 50 and The BSE 30 shares witnessed another session, which was closed in red mark. IT index witnessed selling pressure down by 130 points followed by Mid-caps and Small-Caps. The Nifty ended down by 32 points at 8079. The Sensex closed at 26227, down by 71 points. The indices ended in red by 0.27-0.39 per cent respectively.
The advance-decline ratio ended on negative note. On the NSE,22 shares closed in green, while 29 shares ended the day in red.
The IT index hammered a lot as it’s closed down more than 130 points. Mid-caps and Small-Caps also were closed in negative territory. While Banks, Metals and Healthcare were provide some support to close in positive territory.
In the Asian markets, the Nikkei closed up by 1. The Hang Seng index ended down by 17 points. While the Taiwan and KOSPI also ended on a positive note.
European markets were also trading in mixed scenario.
Derivative Analysis
Nifty future closed below vital support at 8100, If its continue with the current scenario may drop below the technical level of 8000.
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