Sensex, Nifty tumble: How deep can the Indian stock market correction be?

Quick Summary:

Stock Market Outlook: The Sensex has shed 8% from its all-time high in 3 trading days and the Nifty is seen testing support at 24,250.

Here's what charts suggest on likely trend ahead.

Sustained trade below the same could raise the possibility of a fall towards 75,875 levels; with interim support seen at 78,125.

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Category: BusinessFinance

Markets: IndiaJapan

Topics: Bank nifty outlook Nifty technicals Nifty metal index Nifty auto index Nifty trading strategy Nifty daily chart Nifty it index Trading strategies Nifty outlook Nifty support resistance levels

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Published On: 2024-08-05 @ 10:18:16 (10 hours ago)

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