The index’s immediate resistance on the upside is at 36,400, and a breach of this will witness some short covering move on the upside towards 39,000 levels. The lower-end support is placed at 37,500. If that is breached, it will aggravate the sell-off towards 37,000-36,000 levels.
Nilesh Shah on why you should never predict the market
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.