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Market move● Neutral for Indian equities
Trade Setup For Oct 1: Nifty Near 22,600 Support; Can Oversold Conditions Trigger A Bounce?
The brief
- Nifty is near 22,600 support, with oversold conditions raising the possibility of a bounce
- The outlook is non-directional; level-based trading is suggested for day traders
- 10 Nifty 50 stocks, including Infosys and TCS, posted double-digit losses in September as market sell-off deepens
- FII selling worsens; foreign investors pull out Rs 26,000 crore from Indian equities in three days
- FIIs offload nearly ₹25,500 crore in 3 days as market fails to hold recovery
- Why BSE stock tanked 3.5% despite Nifty inclusion post index reshuffle - What lies ahead for investors?
- Markets end September quarter in the red. Will Q3 bring relief or more pain?