Nifty 50 prediction today: Oversold zone raises counter-trend rally hopes | Support, resistance
New Delhi, Sept. 30 -- The Indian equity market ended the final trading session of September on a weak note, with the index closing in the red after giving up more than 180 points from the day's high. This marked the third consecutive session of decline for the index.
The weakness during September was significant, with the index falling nearly 6% during the month. This marked the sharpest monthly decline since March 2026 and the steepest September fall since 2016.
The day's price action resulted in the formation of a small, red-bodied candle with a long upper shadow. The index opened lower and gradually moved higher during the session, touching an intraday high of 22,809.35. However, the recovery failed to sustain as selling pressure em...
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