Nifty Tips:- The NSE main index Nifty50 shut shop at 8981.45 after the loss of -280.40 points or -3.03%. The Nifty index opened gap down around 250 points as mentioned in the last report and tested the support level of 8900 by the day ends.
Coronavirus Update:- The number of novel coronavirus cases increased to 18,985 in India and the death toll reached to 603 by Tuesday evening, Whereas over 2.43 Million people infected and more than 1,70,000 deaths reported worldwide from COVID-19
Technically, The bears took the charge and looking in a hurry, paves the way for Gap down opening on Wednesday also. On the basis of correction we had witnessed in the last two day, Wait for some bounce back to sell or sell below the support line are two possible options based on risk appetite.
Nifty Support and Resistance Level:- The index has immediate resistance at 9040 above this it may test the level of 9105-9190 to the upside. Whereas it has nearest support at 8910 below this it may drop to the level of 8820-8720 to the downside.
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