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Market Live: Will Nifty extend selloff for 4th day amid FII selloff? | RIL & HUL Q3 earnings today

Nifty 50 showed around 177 points recovery from day's low of around 21,286 and closed with half a percent loss on January 18. If the index recovers further, then 21,550 is expected to be an immediate resistance, followed by 21,650-21,700 levels, while the immediate support is likely to be at 21,400, followed by 21,300 mark, experts said. On January 18, the BSE Sensex declined 314 points to 71,187, while the Nifty 50 was down 110 points at 21,462 and formed High Wave kind of candlestick pattern on the daily charts, indicating the volatility. The midcap and smallcap indices recovered significantly from day’s low to end marginally in the red. This morning global cues are pointing to a positive start as the GIFT Nifty is above the 21,500 mark. Cues from both Wall Street and Asia are also positive. Among stocks in focus will be RIL, HUL, UltraTech, Polycab & a lot more. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Asutosh Mishra, Head – Research, Instl Equity at Ashika Stock Broking.

first published: Jan 19, 2024 08:37 am