Hello reader, hope you had a good weekend. Keeping the post very short today due to a busy schedule. The index does look oversold in the short term on technical and derivative fronts, but with nifty breaking the key support of 17500, one should not rule out further downside. Reliance, NTPC, DLF, are ones to look out for, as leaders for strong upside when we get a bounce. As always, risk management is key, have a good trading day, and may the force be with you!
Disclaimer: this post is for educational purposes only, we are not SEBI registered analysts. Trades mentioned here are not trade recommendations. Equity Investments are subject to 100% market risk, please consult your financial advisor before investing.