Strong Support For Nifty At 9,950
Nifty has been in short mode since it closed below 200-day simple moving average. Overall breadth declined and the present volatility surge also aided the bearish momentum, says Mustafa Nadeem, CEO, Epic Research.
“Crucial support for Nifty is now between 9,950-9,980, a close below 9,950, will take Nifty to next meaningful stop around 9,650.”
