On the technical aspect, the three days of continuous buying spree indicates the market uptrend, wherein the key indicators have also turned bullish. As far as levels are concerned, the base for Nifty inched higher to 17500 followed by 17300 on an immediate basis. On the flip side, as the market gains momentum, the recent swing high of 17800 should easily be tested and any breach above the same could direct the index towards the psychological junction of 18000.
Bank Nifty falls over 1%
All the Nifty sectoral indices were trading in the deep sea of red. Bank Nifty lost over 1%. Nifty IT plunged nearly 3 per cent.
Asian stock markets trade lower
Shares in Asian stock markets were trading lower in early trade on Friday, tracking overnight losses on Wall Street. South Korea’s Kospi fell 0.78%, while the S&P/ASX 200 in Australia declined 0.77%.
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