Strong Support For Nifty At 9,950
Nifty has been in short mode since it closed below 200-day simple moving average. Overall breadth declined and the present volatility surge also aided the bearish momentum, says Mustafa Nadeem, CEO, Epic Research.          Â
“Crucial support for Nifty is now between 9,950-9,980, a close below 9,950, will take Nifty to next meaningful stop around 9,650.”