We have been witnessing a sell-on-rally market for the past many months, and that trend continues to hold as of now. Going forward, Nifty has very crucial support around the 22,500-22,700 zone, any consistent breach below this zone could lead to a further sharp correction in Nifty.
Going ahead what is interesting is markets are oscillating in a falling wedge pattern and Nifty today took support at the lower end of the
NTPC Green Energy shares fell 9% to Rs 96.20 as the 3-month lock-in expired, unlocking 183 million shares (2% of total). The expiry triggered selling
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