Stock Market Highlights, Aug 6: Sensex nds 166 pts down; Nifty below 24k

Stock Market Highlights on August 6: On the BSE, 17 out of 30 listed stocks of the Sensex ended in the red, with State Bank of India, Mahindra & Mahindra, and Bharti Airtel being the top drags

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Tech View :: 'Nifty downtrend may continue, though with lesser speed'

Nifty gave up early gains on Aug 06 to end in the negative. In the process it formed a pattern known as Bearish side by side black candle.

This could mean continuation of the downtrend though with lesser speed. Nifty could head towards 23,667 on breach of the support of 23,894, while 24,383 could offer resistance on the upside in the near term.

Views by:  Deepak Jasani, Head of Retail Research, HDFC Securities