A fresh round of selling is possible if the index slips below 17,800, from where it can slide to 17,650-17,600, experts said
Sunil Shankar Matkar
February 09, 2023 / 05:35 PM IST
The Nifty, after the previous day’s decisive upmove, remained directionless on February 9, the weekly F&O expiry day, in the absence of fresh positive triggers and closed 22 points higher at 17, 893.
Global slowdown worries and likely continuity in policy tightening by central banks to tame inflation limited the upside for the equity market.
The index remained in the range of 75 points and formed a Doji pattern on the daily charts, indicating indecisiveness among buyers and sellers about the future market trend.
As the index made higher highs, higher lows for the second straight day, there is a possibility that it may reclaim 18,000-18,100 in the coming session if it holds the support at 17,700-17,800, experts said.
`); } if (res.stay_updated) { $ (“.stay-updated-ajax”).html(res.stay_updated); } } catch (error) { console.log(‘Error in video’, error); } } }) }, 8000); })
