The Nifty 50 nosedived sharply and erased all its previous day's gains, correcting by 1.4 percent on January 21. The index has broken its 23,400-23,050 range on the lower side and closed at 23,025. Hence, if the index fails to defend the 23,000 level in the upcoming sessions on a closing basis, the selling pressure may extend towards 22,800, the immediate support, followed by 22,600 as the next support. However, on the higher side, 23,200-23,300 is the hurdle zone, according to experts. Lots of big earnings to watch today – HDFC Bank, HUL & BPCL. Catch Nandita Khemka in conversation with Rajesh Palviya, Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities and Aditya Khemka, Fund Manager , InCred Asset Management
first published: Jan 22, 2025 08:44 am
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