The negative trend in the Nifty is indicated by bearish divergences in RSI and MACD, with immediate support placed around the 18450 levels but resistance found at the 18750 levels. The index is retracing its prior rise from 18060 – 18777, but a negative divergence needs to be confirmed before a negative outlook is established. The monthly expiry contract of the 18600 put option indicates traders are confident of a close-by bottom despite the current small profit booking phase, while Nifty’s make-or-break support is at 18389.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.
November 11, 2026