INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The Nifty50 slumped 150-odd points on Friday to settle a tad above the 10,300 level
The index may test the recent low of 10,138, while upside hurdle is seen at 10,450
candle with a long upper shadow, which indicates a sharp negative reversal from the recent highs
opening downside gap could now be considered a bearish breakaway gap
Ideally, any such move should be utilised to create fresh shorts, he said
If the index breaches the 10,249 level on Monday, it may retest the recent corrective swing low of 10,138, Mohammad said.
Chandan Taparia of
Motilal Oswal Securities expects Nifty to fall below 10,400
It could slip towards its crucial support of 10,200 and then 10,138 marks
The upside hurdle is seen in the 10,450-10,500 range, he said.
