Sensex, Nifty trade flat amid volatility; Titan, ITC top losers
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Indian indices witnessed a flat start on Friday. The indices, on Thursday, fell over 1.2% snapping a three-day three sessions of gains. In the US, the Wall Street too ended a four-day winning on run Thursday as Facebook-owner Meta’s stock tumbled 26.4%, wiping out over $200 billion. All the three key US benchmark indices ended lower. In Asia, shares in South Korea and Hong Kong advanced, while Japan and Australia saw a decline in their positions.
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The market is still not sure of the direction it would like to pursue. 17800 is a resistance and 17200 is a support. Either level needs to be taken out in order to see a directional move. Until then the action is in trading the intraday volatility. Extreme caution should be exercised as the stops can be severe.
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Read More: Sensex, Nifty trade flat amid volatility; Titan, ITC top losers
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