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Nifty May See Negative Opening, Watch for 21,900 Support

Nifty May See Negative Opening, Watch for 21,900 Support

19 Mar, 2024

GIFT Nifty suggests a potential negative start for Indian indices, with a slight downturn of 0.18% to 22,097 points. The recent Nifty movement reflects uncertainty, with sectors like metal and auto gaining, while IT and FMCG witness profit-taking. Analysts advise caution amid market volatility, emphasizing the importance of the 21,900 support level.

Factors like FII selling, new F&O inclusions, and global cues including tech gains in the US and mixed Asian market performance shape the current market landscape.

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