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Street signs: Nifty faces resistance at 11,000, all eyes on Vedanta & more

With Hexaware's delisting going through successfully, all eyes are on Anil Agarwal-led Vedanta

stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown, india inc
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Shares of Mazagon Dock are commanding a premium of more than 60 per cent in the grey market ahead of its IPO | Illustration: Ajay Mohanty

Ashley CoutinhoSamie ModakSundar Sethuraman
Nifty faces resistance at 11,000
 
The Nifty index closed the September derivatives series with a loss of 6.5 per cent, wiping out the entire gains of the previous series. The India VIX moved up 24 per cent, indicating higher volatility. The rollover data indicates the index is light on positions and fresh build-up in coming days shall decide the further direction for the market. The markets are likely to face selling pressure on pullback moves and analysts suggest one should avoid any aggressive contra trades. The immediate support for the Nifty is placed in the range of 10,800-10,750, followed by

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First Published: Sep 27 2020 | 8:27 PM IST

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