Market move● Neutral for Indian equities
Trade Setup For Oct 6: Nifty Resistance At 22,600 As Bearish Momentum Pauses
The brief
- Nifty resistance is at 22,600 as bearish momentum pauses
- Failure to hold above resistance could trigger renewed profit-taking and a retest of lower supports
- Nifty weakness can weigh on Indian equities broadly
- FPIs sell ₹35,860 crore of Indian shares in September; outflows continue in October
- Jane Street reiterates before SAT it did not manipulate Bank Nifty, seeks SEBI documents
- DIIs outbuy FIIs as market snaps 4-day losing streak
- Stock markets rebound; Sensex climbs 473 points
- $14 billion worth of IPO shares set for lock-in expiry to hit Dalal Street by December