According to stock market experts, current market pattern indicates sell on rise opportunity and the weakness seems to have gathered strength in the last couple of sessions.
On a day when the volumes on the NSE were in line with recent averages; auto & power indices jumped the most while realty, oil & gas and telecom indices fell the most.
Unveiling day trading guide for today; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, “The short term trend of Nifty is down and the bears have started to participate actively in the market.