Stock Market LIVE Updates: Technical Outlook & Market Sentiment
- 📉 Technical View: The index has sharply declined, approaching the 50EMA on the daily chart, signaling weakening sentiment after a phase of consolidation.
- 🔑 Support & Resistance:
- Key Support: 50EMA could provide crucial support, potentially stabilizing the market if it holds.
- Critical Level: A breakdown below 23,115 could lead to a deeper correction.
- Resistance: 23,250 – a breakout above this level could reignite bullish momentum.
- 📊 FII & DII Activity:
- FIIs: Net sold Indian equities worth ₹4,352.82 crore on March 28.
- DIIs: Net bought shares worth ₹7,646.49 crore on March 28.
- 📉 Fear Index: The India VIX, a gauge of market volatility, jumped 8.37%, settling at 13.78 points.
Stay tuned for more market updates!
