Looking at the Nifty Technical Reports, Nifty breached the vital sentimental support levels of 6,100 & 6,030 and closed near day's low at 6,027. Owing to the selling in mainline stocks, Nifty tanked in late hours of today's trading session. There is significant interest buildup in the call-6,100 and put-6,000. For the day, Nifty has registered its PCR level at 0.99 against 0.95 as of previous trading session. Because of selling at higher levels, Nifty drifted down & closed below the vital 9 & 14day's SMA placed at 6,114 & 6,112 but managed to close above 50 and 100 day's SMA placed at 5,781 and 5,538 with a good margin; these levels may act as new supports, in coming sessions.
Ref : Nifty50 Daily Reports
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