Mentorship InstaView 20 Sept’21: For Bulls its Time to Slow Down


Nifty View: A sharp sell-off for the benchmark Nifty index in today’s trading session - down over 200 points to post a close at 17,386. With this fall, the short term trend is now on the verge of a reversal on the downside. Considering the nature of today’s fall, that is, both sectoral participation and momentum, it’ll be prudent to wait out for few more trading sessions to check if the index has more correction in store. The short term supports are nearby 17,300 and we can expect a short term bounce from close to this level. But it’ll be the next movement which define the overall trend of the index from a medium term perspective. Watch the video for a much detailed index and sectoral analysis.

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