Market Cap of BSE companies fell by whopping Rs.6.64 lakh crore between Dec 18 and Dec 21, says HDFC Securities.
Nifty has formed a large bearish candle which has engulfed the high low range of the previous 9 sessions. In the process two upgaps formed in this period have been filled nullifying the bullishness. The advance decline ratio on the NSE on Dec 21 was the worst since March 23, 2020 when the Covid fears were at the peak. This suggests across the board panic selling/profit booking.
A large fall today does not augur well for the week. A breach of 13209 on the Nifty could result in another 200-250 point fall: Reuters