CapitalHeight : Nifty to find support around 10500-10440; 3 stocks which could give 6-14% return
The markets opened on a positive note this week but Nifty failed to hold on to its 200-DMA and saw a sharp correction in the last 3 trading session that dragged the index below 10,600. The Nifty50 closed at the week’s low level of 10,526 down by almost 1.46 percent.
Broad-based selling was seen in cement, pharma, technology and metal stocks that kept indices under pressure. Selective buying interest was seen in auto and banking sector but in Thursday’s trade, ahead of Bank Nifty weekly expiry, profit booking was seen in banking share that dragged the index below 26,000 levels.
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