Nifty continues to sees sell on every rise

Published On: Thursday, March 5, 2020 | By: Team KnowMyStock

Nifty50 on 5th March could not hold intraday gains, as it fell 120 points from day’s high to end marginally higher. The index formed a Bearish Candle on the daily chart, as the consolidation process continued. “Nifty not showing any sustainable upside bounce from the support is not a good sign. This current ‘sell on rise’ pattern could eventually result in a sharp downside breakout of the support a 11,100 level over time,” experts opined. Some experts feel that Nifty is to tumble towards the recent low of 11,036 and the downside potential remains intact as long as Nifty trades below the near-term resistance zone at 11,400-11,433. “The immediate support for Nifty stood in the 11,180-11,075 zone. The immediate resistance is seen in the 11340-11240 range," according to some technical Analyst

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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