In that scenario, the index can attempt to bridge the bearish gap present between 17,690 and 17,710 level registered on August 22 and a close above 17,710 can strengthen the optimism of the bulls further. Contrary to this, a fall below 17,345, on a closing basis, may resume weakness till 17,000 and 16,950 levels,” he said
Big investors ditch tech ahead of expected September stocks slump
Big investors, fearful of September’s typical seasonal declines, exited profitable stock positions on Tuesday, according to investors and trading company research, a sign the selloff