Day trading guide: The short-term trend of Nifty continues to be negative, say experts
Listen to this article
Day trading guide for Wednesday: Indian stock market could not hold on to the intraday bounce after a weak opening on Tuesday and closed in red territory. Nifty 50 index ended 61 points lower at 16,240 whereas BSE Sensex shed 105 points and closed at 54,346 levels. However, Nifty Bank index 207 points upside at 34,482 levels. Volumes on the NSE were much lower than recent average suggesting lower activity levels from FPIs. However advance decline ratio was deeply in the negative suggesting a mild panic on the part of local traders.