GIFT Nifty signals negative start while Asian shares trade mixed.
Context
What happened: GIFT Nifty on NSE IX traded lower, signalling a negative start for Dalal Street on Thursday, while Asian shares traded mixed.
Key numbers: GIFT Nifty was down 38.5 points, or 0.17%, at 22,690. Analysts cite 23,175, Monday's high, as key resistance, with 23,300 and 23,500 near the 50% retracement zone of the decline from 24,774 to 22,180.
Why it matters: Analysts say a sustained move above 23,175 could trigger a pullback towards 23,300 and 23,500 in the coming sessions.
Coverage: 3 outlets in 24h