Relentless selling once again dragged benchmarks indices into the negative zone on March 19 as the risk appetite of investors remained weak.
Sensex dropped 581 points to settle at 28,288 while Nifty plunged 205 points to close at 8,263.
"There is no sign of reversal and we may see Nifty continue to fall towards 7,900 and then 7,500 levels. On the higher side, resistance is shifting lower to 8,600 and then 9,200 zone. Till the time Nifty doesn't close above 8,600 levels, bears will have an upper hand and bounces shall be used as shorting opportunity," said Siddhartha Khemka, Head - Retail Research,
Motilal Oswal Financial Services.
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