Nifty50 is likely to see the 8,165 and 8,290 levels act as immediate resistance points.
Market is expected to see an uncertain start on Tuesday as it adjusts to the global setup.
RSI on the daily chart was at 36.02, and remained neutral, showing no divergence against the price.
Nifty has violated a more-than-a-decade-long upward rising trend line.
Wednesday’s session is likely to see 7,850 and 7,980 levels act as immediate resistance.
Tuesday’s session is likely to see the 7,750 and 7,850 levels act as resistance.
There are high possibilities that the market would see a sharply lower opening again.
Sebi’s measures to curb shorts will bring in very volatile and adverse reaction in the market.
The RSI on the daily chart was at 15.15 and it continued to remain deeply oversold.
Nifty may again make a tentative start, with 9,150 & 9,310 acting as resistance on Wednesday.
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