Nifty Market Update
Nifty has started the sharp fall with BankNifty loosing over grounds and falling sharply belwo 19500. We have given off all the intraday gains that we had till 14:00 hour

13:40 Update: Nifty High 9550.9, Low- 9302.90: Looks like short covering may come if Nifty is able to maintain above 9386 for 5mins. Confirmation will come if Nifty crosses 9414. CMP 9382-9386.

14:30 Market Analysis & Update:- Nifty High- 9459.9, Low- 9266.95 & Last- 9276.9: Nifty has started the sharp fall with BankNifty loosing over grounds and falling sharply below 19500. We have given off all the intraday gains that we had till 14:00 hours and had fallen sharply by over 110 points.

Except Energy stocks all the other indices are very sharply going down, with McDowell, UBL down by over 5% and ICICIPru, AsianPaint & Britannia all down by over 3%, while NewIndia up by 8% and SBILife, Marico & HPCL up by >4%.

Though markets as of now is swinging downside with Nifty Bank leading the declines, we could see some recovery if Nifty is able to trade above 9314 can test 9352 & 9386 again, we may be having a sharp decline if it breaks 9231 & 9199.