Another week of selling pressure and both benchmark indices and all sectoral indices closed in the red. The Nifty touched its 18-month low level and both benchmark indices breached some important psychological levels.
The Sensex lost 1.7% while the Nifty closed with 2% loss over the week. The CNX Midcap index lost 1.25% and the BSE Smallcap index was down 1.4% during the week. The BSE Realty was down 4.1% and BSE Metal closed with 5.3% loss.
After touch new low Indian market suffer very big down trap and there is no clue to bounce back and start bull run because all world market go up but only Indian market crash every day. As per technical support Indian market have big support at 15500 or on dip another support 14500.
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