3 min read.Updated: 12 May 2022, 05:54 AM IST Edited By Asit Manohar
Day trading guide: The short term trend of Nifty continues to be negative, believe stock market experts
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Day trading guide for Thursday: Indian stock market once again ran into selling pressure at higher levels in the morning session on Wednesday, though it bounced up well from the intraday lows. Nifty 50 index breached the 16000 mark once but since the momentum reading were quite oversold on the intraday chart, a pullback was witnessed in the end to recover some of the losses. FNSE Nifty ended 72 points lower at 16,167 whereas BSE Sensex shed 276 points and closed at 54,088 levels. However, Nifty Bank index scaled 210 points upside and closed at 34,693 mark.