Nifty 50 Hits Six-Month Low, Key Support at 22,500

Nifty 50 Hits Six-Month Low, Key Support at 22,500

The Nifty 50 fell 0.4% on September 30, closing at a fresh six-month low and extending its downtrend for a third session. Rising US bond yields and a weak technical structure keep the bias bearish. Immediate support lies at 22,550–22,500; a break below could push the index toward 22,200, while holding may lift it to 22,800–23,000.

Source: Moneycontrol

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