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Live: Nifty staring at more correction after crash below 22,000? All eyes on India VIX| Opening Bell

Indian equity market saw a sharp selloff yesterdaywith the Nifty crashing below the key 22,000 mark. Experts say the Nifty 50 is likely to see further correction up to 21,800-21,750 levels (which coincides around 100-day EMA (exponential moving average) and the low of April month, in the coming sessions, and if those levels get broken, then 21,500 is the next level to watch on the downside, but if it manages to hold those levels, then the index may face hurdle at around 22,100-22,200 levels. This morning GIFT Nifty is signalling a mild bounceback and the global cues are looking pretty strong. The broader markets saw deeper cuts with breadth extremely poor. Will the indices see further selloff or will buying support come in at lower levels? Among stocks in focus watch out for Tata Motors, Eicher Motors, Cipla & BPCL among others. Catch Nandita Khemka decode the cues for trade with Raja Venkatraman, Co-Founder NeoTrader and Daljit Singh Kohli-- head of Research & Strategy at Vasuki India Fund.

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TAGS: #Nifty #NSE #Sensex #stockmarket #stocks #video

first published: May 10, 2024 10:17 am

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