Morning guide www.niftyviews.com
: A very bad day in this downtrend. For a loss of 59 points in Nifty, Market cap is down Rs 1.45 Lk Cr. Generally every point of Nifty impacts Rs 1000 Cr. Mid/small caps were butchered. What is in store now? The way indices are falling without any meaningful pullback is ample proof that more pain is awaiting. Weekly closing should not be below 5200 on Nifty then only we may expect some pullback. Yesterday Nifty moved 50-60 points both ways in 2-3 times. This may be the process of bottoming out. FII sell Rs 609 Cr and DII buy Rs 115
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