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The Nifty witnessed a bloodbath on Friday as it plunged over 250 points and the S&P BSE Sensex witnessed a fall of over 800 points. After a 29 percent rally in the year 2017, the Nifty recorded its worst fall of the year 2018.
The Nifty closed at 10,760.6 on Friday. According to Pivot charts, the key support level is placed at 10,679.47, followed by 10,598.33. If the index starts to move higher, key resistance levels to watch out are 10,898.37 and 11,242.83.
The Nifty Bank closed at 27,220.7. Important Pivot level, which will act as crucial support for the index, is placed at 26,973.5, followed by 26,726.3. On the upside, key resistance levels are placed at 27,540.7, followed by 11,036.13.
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