Nifty Technical Outlook
Nifty is expected to open on a flattish note and likely to witness sideways move during the day. Technically, Nifty is facing a strong resistance of 10000-10080 levels. On the flip side 9870-9800 may act as support levels. Any move below 9870 may extend its fall towards 9800-9720. It’s a stock specific market trade the calls with strict stoploss.
Action: Nifty has an immediate support placed at 9870 and on a decisive close below expect a fall to 9800-9720 levels.