Stock Nifty Technical Report 22 November

Markets crashed for second consecutive session on concerns of US Fed Reserve tapering its fiscal stimulus and strength in dollar further negated sentiments and closed near their psychological support level. Nifty future opened gap down and traded on lower side for the whole session and found strong intraday support around 6000. Now, 100 day EMA of 5960 is seen as support for the coming session while 6070-6100 is seen as resistance range.

TREND: SIDEWAYS

SUPPORT      :  5960 & 5920

RESISTANCE:   6070 & 6130

DAILY MARKET TREND

  • Sensex tumbles 406 points; banks, CG, realty hit hard.
  • Asian markets stumbles, dollar firms as Fed hints of policy turn.
  • Jet Airways closes Rs 2,069-cr deal with Etihad; stock rallies over 3%.
  • Future Retail shares plunge over 5% after F&O exclusion on NSE.

Source :  Trifid Research Pvt Ltd.

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