Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%

Market at close: The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 per cent, respectively

4:11 PM

NIFTY VIEW: Index may find support near 17,500-17,550 zone

Volume profile indicates Nifty may find further support around 17,500-17,550 zone.

Coming to the OI Data, on the call side, the highest OI observed at 18000 followed by 18100 strike price while on the put side, the highest OI was at 17500 strike price.

On the other hand, Bank nifty has support at 41100-41300 while resistance is placed at 42300-42500 range.

Selling in Indian markets is still prevalent due to concern over the rising Covid cases in China, thus selling on an every rise is advised.

Views by Ameya Ranadive, Equity Research Analyst, Choice Broking.

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3:33 PM

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Source: Investing.com

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2:07 PM

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1:42 PM

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1:33 PM

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1:22 PM

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1:15 PM

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Source: Yahoo Finance

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12:57 PM

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