Trade Setup: Nifty may stage a mild technical pullback; stay light on positions
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Synopsis
The session has been damaging from a technical point of view. Nifty slipped well below its 100-DMA at 14,332 on an intraday basis
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The levels of 14,400 and 14,490 will act as resistance points, while support will come in at 14,310 and 14,160 levels.
Related
The domestic equity market took a serious sentimental hit as it stepped into the new week with the highest number of Covid cases and the administration grappling with issues of supply constraints of oxygen and other medical infrastructure being pushed to the brink.
Monday s session is likely to see a steady start to the week. The levels of 15,200 and 15,295 will act as immediate resistance points, while support will come in at 15,100 and 15,020 levels.