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Nifty Prepares for Further Unwinding After ₹13 Lakh Crore Rout Before Weekend: March 20 Trade Setup
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Nifty Braces for More Unwinding After ₹13 Lakh Crore Rout Ahead of Weekend
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CNBC TV18
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19-03-2026, 18:46
Nifty Braces for More Unwinding After ₹13 Lakh Crore Rout Ahead of Weekend
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Nifty lost three-day recovery in a single session, facing a ₹13 lakh crore rout.
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Rising oil prices, attacks on energy infrastructure, stronger US Dollar, and HDFC Bank developments fueled market decline.
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Thursday's Nifty volumes were highest in two weeks, indicating significant selling pressure.
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Nifty's Relative Strength Index (RSI) is back in "oversold" territory at 29.74, but bounce hinges on external factors.
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Analysts predict Nifty could drop towards 21,745 if crucial levels aren't held; Nifty Bank also under pressure.
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