Business »  Topic »  Early on D-Street | Close below 11,850 will take Nifty towards 11,820-11,720

Early on D-Street | Close below 11,850 will take Nifty towards 11,820-11,720


If the weakness persists, traders are advised to avoid long side bets and can consider positional shorts with a stop above 12035 on a closing basis, suggest experts.

Profit-taking hit D-Street on November 8 after Moody’s Investors Services changed the outlook on India to negative from a stable, which pulled down the returns for both the Sensex and Nifty for the week ended November 8.

The Sensex which hit a record high of 40,749 on November 8 closed the week with gains of just 0.4 percent. The Nifty had a touch-and-go moment with 12,000 but managed ...


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