 "For a liquid secondary market")
Nifty outlook and technical calls by Vinay Rajani, Technical Analyst, HDFC Securities for today:
Nifty View
Nifty plunged for the second consecutive session, breaching 11300, to close at 11288. Nifty has lost 2.60% in the last two sessions, which is the highest two day % fall in last 7 months. We expect Nifty to found support somewhere between 11170 and 11210. Resistance for Nifty is now shifted downward to 11400. The outlook for markets remains bearish for the short term. Nifty Private bank Index has breached the crucial support of 15390 and likely to extend the losses further.
Sell YES Bank
CMP: Rs 316.60
Target:
