Nifty Pharma Index

Nifty Mentorship InstaView 30 Sept’21: No Expiry Drama :-(

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Nifty View: Quite a muted trading session for the benchmark Nifty especially considering the fact that it was the expiry of derivatives contracts. At a close of 17,619, the index was down 89 points marking a series of lower-high and lower-low on the daily time frame. The banks are still leading this weakness, which is not a very encouraging sign as this space enjoys the heaviest weightage. The Nifty index is still in a UP trend but a possibility of further weakness should not be discounted. Please watch the video for a detailed analysis of the index and stocks.

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