Caution:Oversold Nifty may try to pull back!

Published On: Tuesday, March 3, 2020 | By: Team KnowMyStock

NSE Nifty slumped for a seventh straight session on Monday, as market sentiment took a hit after two new coronavirus cases were confirmed in India. The domestic stock market made a positive start and the index moved past the 11,400 level in the early trade. However, the headline index reversed course in the second half and lost over 350 points in an hour. It finally settled 69 points or 0.62 percent lower at 11,132.75. The market on Tuesday is expected to try and find a temporary bottom. Fresh Covid-19 cases in India might fuel a negative sentiment in the beginning, but the oversold nature of Nifty on the short term charts will help in a technical pullback. The index is likely to stay volatile. Tuesday’s session is likely to see 11,165 and 11,255 levels act as resistance. Support may come in at 11,036 and 10,965.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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