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Nifty Last Hour Market Update: Failed to Hold at Higher Levels and had plunged till 9780

Nifty Last Hour Market Update

As mentioned in the morning commentary Nifty had failed to hold at higher levels & had plunged till 9780 from a high of 9889.05 and trading around 9816 before we enter inside the last hour of trade.

The Index was dragged by Pharma & FMCG Stocks. UPL & Hindalco joined TataMotor to be Top 3 gainers while SunPharma, HUL & Zeel became top losers.

Top Traded Counters in Nifty were Reliance, HDFCBank & BajFinance. We expect Nifty to trade between 9780-9840 and a break of these ranges can see another 30-50 point quick movements.