Nifty crashes as US bond yields jump
NIFTY (-309, 24472)
Sensex (-931, 80221)
Bank Nifty (-706, 51257)
#RiddhiSiddhiShareBrokers Highlights:
- A dismal Tuesday’s trading session as all sectoral indices end in the red with nothing to offer but blood, toil, tears, and sweat.
- Riddhi Siddhi Share Brokers notes that India VIX, the fear gauge, jumped 4% amid a steep market plunge.
- Nifty Mid-cap and Small-cap indices plummeted by 2.35% and 3.65% respectively.
Riddhi Siddhi Share Brokers Buzzing Stocks for the Day:
Top Index Gainers:
- ICICIBANK (+0.74%)
- NESTLEIND (+0.10%)
- INFY (+0.04%)
Top Index Losers:
- BEL (-3.79%)
- M&M (-3.63%)
- COALINDIA (-3.36%)
- ADANIENT (-3.29%)
- SBIN (-2.97%)
Market Stats at a Glance (Riddhi Siddhi Share Brokers Summary):
- Adv-Dec: 03—47
- India VIX: 14.39 (+4.58%)
- Nifty PCR (24th OCT): 0.50
- Nifty PCR (31st OCT): 0.90
Sector Performance Update by Riddhi Siddhi Share Brokers:
- Nifty MidCap 50: -2.45% (15740)
- Nifty SmallCap: -3.92% (18061)
- Bank Nifty: -1.36% (51257)
- Nifty IT: -0.78% (41239)
- USD/INR: 0.00% (84.09)
Riddhi Siddhi Share Brokers View for Wednesday’s Trade:
Technically speaking, Riddhi Siddhi Share Brokers advises that Nifty’s key support lies at 24371, with the 200 DMA at 23428 being closely watched. A confirmation of strength would only be above the 25000 mark, but the bear grip has grown tighter after today’s collapse.
All About Nifty by Riddhi Siddhi Share Brokers:
- Nifty (CMP: 24472)
- Support: 24371/24225
- Resistance: 24695/24801
- Range: 24372-24599
- 21 DMA: 25282
- 50 DMA: 25120
- 200 DMA: 23339
- Trend: Negative
Riddhi Siddhi Share Brokers Bullish Stocks:
- INFY
- ICICIBANK
Riddhi Siddhi Share Brokers Bullish Looking Stocks (Long Term):
- POLYPLEX
- BOMBAYDYEING
- GMRINFRA
Riddhi Siddhi Share Brokers Bearish Looking Stocks:
- RELIANCE
- JINDALSTEL
- BAJFINANCE
Riddhi Siddhi Share Brokers Stocks to Avoid:
- M&MFIN
- PEL
- SHREECEM
Disclaimer by Riddhi Siddhi Share Brokers: This is not investment advice. Stock market investments are subject to market risks. All information is based on the perspective of Riddhi Siddhi Share Brokers for educational purposes only. The author accepts no liability for the use of this information for actual investments. Stock market performance can vary, and returns mentioned are not guaranteed.
#RiddhiSiddhiShareBrokers #StockMarket #MarketUpdate #Nifty