Nifty 50 hits fresh 52-week low! What technical charts indicate as selloff intensifies

What happened: Nifty 50 fell more than 420 points, about 1.9%, in Thursday afternoon trading and hit a fresh 52-week low. Key numbers: Down nearly 4,200 points or 16% from its January all-time high of 26,373. Why it matters: SBI Securities maps key support and resistance levels as the selloff deepens. Religare Broking's Ajit Mishra said the RBI's shift to a calibrated tightening stance is the bigger takeaway than its 25 bps repo rate hike to 5.50%.

Nifty 50 fell more than 420 points, about 1.9%, in Thursday afternoon trading and hit a fresh 52-week low.

SBI Securities maps key support and resistance levels as the selloff deepens. Religare Broking's Ajit Mishra said the RBI's shift to a calibrated tightening stance is the bigger takeaway than its 25 bps repo rate hike to 5.50%.