The markets were fairly volatile in trades on Thursday, and eventually the bears won the contest, as the markets ended in red for the third straight day.
Going ahead, the bias is likely to remain negative as the Sensex is likely to test 20,700-odd levels after having given a sell signal on the weekly Fibonacci charts.
As per the daily Fibonacci charts, on Friday, the Sensex may seek support around 20,690-20,650-20,610, while face resistance around 20,955-20,995-21,040.
The NSE Nifty is currently testing support around the 20-DMA at 6,180.
Click Here for the full update.
Going ahead, the bias is likely to remain negative as the Sensex is likely to test 20,700-odd levels after having given a sell signal on the weekly Fibonacci charts.
As per the daily Fibonacci charts, on Friday, the Sensex may seek support around 20,690-20,650-20,610, while face resistance around 20,955-20,995-21,040.
The NSE Nifty is currently testing support around the 20-DMA at 6,180.
Click Here for the full update.
No comments:
Post a Comment