The India benchmark indices have been on a downward spiral since past 12 sessions, with overall sentiment experiencing an ambiguous bias. While the broader trend continues to bolster a bullish trend, the short-term weakness has seen taking toll on traders and investors.
So far this year, both the BSE Sensex and Nifty 50 have risen 8 per cent, reaching new historic peak. The trend has been resilient, holding key support areas.
To understand these supports, let’s consider the technical outlook:-