Indian equity markets surrendered their morning gains and ended lower on Tuesday, September 22, with the benchmark BSE Sensex and NSE Nifty50 coming under sharp selling pressure during the closing auction session (CAS). The continued decline in crude oil prices, with Brent slipping below the key $100-a-barrel mark, provided some relief to investors and helped the domestic market rec over from the day’s intraday lows.

However, the benchmarks remained in negative territory at the close. 08.

08% lower, respectively. On the downside, 23,300 remains the immediate support, followed by 23,200.

“The RSI remains weak in the mid-30s, indicating subdued momentum, while the MACD histogram shows some easing in selling pressure but remains in negative territory, keeping the short-term momentum cautious,” Ponmudi said. Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser.

Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.

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