Pre-market action: Here's the trade setup for today's session
· economictimes.indiatimes.com
Nifty fell significantly, closing at 22,716 after hitting a six-month low during the trading session. Foreign investors continued selling shares, contributing to market volatility, while domestic institutions showed buying interest. The rupee settled marginally higher due to RBI interventions and falling oil prices. Immediate support levels are identified around 22550-22500, with resistance expected at 22800-22900. Market sentiment remains cautious amid ongoing global economic concerns and local selling pressure.
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