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Market heading into Diwali with a mood of profit-booking - Newzzic
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Market heading into Diwali with a mood of profit-booking

It was a second consecutive week of fall in the Indian equity market where Nifty and Sensex fell by around 2.5% and it was one of the worst week in 8 months. Technically, Nifty has slipped below its 20-DMA and near term texture has changed to ‘Sell on the rise’ from ‘Buy on the dip’ where 50-DMA is immediate support which is currently placed at 17565 level while 17450-17250 will be the next critical support zone where we can expect the market to bounce-back.

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