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BUSINESS
We may see Nifty slipping below the 11K mark in the coming days
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Updated : May 09, 2019, 05:50 AM IST
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It is likely to be a bear market with a minor pullback. Selling pressure may continue towards lower levels of 11310 - 11320.
Reliance, ICICI Bank, Zee Ent, Tata Motors are likely to be in the limelight
Energy, Auto, Pharma, and PSU.
Classic Double Top with distribution is seen along with heightened VIX. Damage is done and may further intensify. We may see Nifty slipping below the 11K mark in the coming days.
It is the weakness in the global markets, and further it is the volatility that is higher across the market. Fear is driving the market at the moment.
Mustafa Nadeem, CEO, Epic Research
