The market corrected last week as negative global cues triggered profit booking. The BSE Sensex settled below the psychologically important 32,000 mark. The NSE Nifty settled below the psychologically important 10,000 mark. The key benchmark indices declined in four out of five trading sessions.
In the week ended Friday, 22 September 2017, the Sensex fell 350.17 points or 1.09% to settle at 31,922.44. The Nifty 50 index fell 121 points or 1.20% to settle at 9,964.40.
On Technical Front: – On Nifty weekly chart bearish harami candlestick pattern has formed. If it breaks 9950 level with high volume, more bearish move is expected.
Nifty Future Trading Tips: –Sell Nifty Future below 9970 Target 9920, 9870 Stop Loss 10030.