Stock market indices Nifty and Sensex lost 143 and 487 points to close on 15030 and 50,792 marks despite a good start on Friday. Bank Nifty also shed 1000 points from the upper level. Summing it all up, Zee Business Managing Editor Anil Singhvi said, "It was a very interesting day for the Indian stock market. The way Nifty and Sensex gave an opening on Friday, once it even appeared that these indices are heading toward their life-time high. There was a reason behind this good start. When market opened on Friday, US stock index Dow Jones had gained over 475 points and it was certain that Indian stock market will give a good opening. Everyone was really clueless about the profit booking that took over in mid-session."

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It was expected that amid such strong global indication, FIIs will increase their stake in the Indian stock market, but they even resorted to selling on Friday. They took advantage of this strong start and were seen selling in huge quantities at upper levels. "Beside profit booking, this was one of the major reasons behind this fall," he said. Only relief from Friday's session was that Nifty managed to close above 15,000-mark. "In a nutshell, we can say that we totally failed to capitalize on two days global market rally," Anil Singhvi said.  

Talking about crucial support levels, the Market Guru said 14,850 and 14,925 will act as strong support for Nifty, while on the upper side 15,175 to 15,250 will be the range where profit booking could be seen. Bank Nifty support range would be 34,800 to 35,000, while 36,000 to 36,100 will act as strong resistance on upper level for the banking index, he said.

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"The most important trigger on Monday will be FIIs data, besides American market performance. One thing investors should know is that the volatility will continue next week too," he concluded.