- Nifty lost 2 points, closing at 22,545 after a range-bound session with a negative bias.
- The market lacked action, but the last 30-minute fall led to a close near the day's low.
- Broader markets remained weak, with Mid-cap and Small-cap indices losing around 1.5%.
- Real Estate sector was the top loser.
- FIIs were inactive, but US markets cracked further, losing 1.5%-2%, breaking multi-month lows.
- S&P 500, Dow, and Nasdaq are in a tough spot.
- After the big gap-down, the market has been in a pause mode for the last three sessions, moving in a tight range with a bearish bias.
- Rallies are getting sold into, and the market is making lower lows with ease—a classic sign of a strong downtrend.
- No major support before 21,800. The index is gradually heading toward this level.
- Pullback rallies can happen, but 22,800-23,000 will act as strong resistance zones.
- IT remains weak and continues to drag the market lower.
"Tough times don’t last, tough people do."
- The market has been quiet but bearish, with weak breadth and a downward bias. Lower levels remain likely.
- Traders: Avoid bottom fishing; stick to the trend.
- Long-term investors: Patience is key. Keep a watch on 21,800 levels—opportunities may arise there.
- Support: 22,500, 22,100
- Resistance: 22,600, 22,800
- Support: 48,500, 48,200
- Resistance: 48,900, 49,200
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