The BSE Ltd share experienced a steep decline in its latest trading session, falling by nearly 6–7% in a single day, as fallout from SEBI’s action against global trading firm Jane Street continues to ripple across Indian financial stocks. At the close of the session, BSE Ltd’s share price stood at ₹2,635.20, marking a significant correction from its recent highs.
This sharp drop has raised investor concerns about short-term momentum, especially as the stock has broken below critical zones. However, chart analysis reveals several key support levels, where historical buying interest could re-emerge—offering insights for both traders and long-term investors.
What Triggered the Breakdown?
SEBI recently issued a sweeping interim order against Jane Street for alleged manipulation in Nifty and Bank Nifty derivatives. As a major platform for such trades, BSE Ltd has been indirectly affected, with market participants fearing a contraction in trading activity and turnover. The result: a sector-wide pullback in stock exchange and broking-related companies.
This even affcted share price of Angel one and Nuvama Share.
Key Technical Support Levels for BSE Ltd Share
Following the breakdown, the BSE Ltd share is now approaching key historical support levels based on the daily line chart frame:
- Support 1: ₹2,589.25
This level corresponds to a recent swing low recorded on June 19, 2025, and represents the first major near-term support. A decisive hold here could attract short-term buyers and signal a possible pause in the correction. - Support 2: ₹1,726.50
This level served as a base during a prolonged consolidation phase between January and May 2025, before the stock broke out to make new highs. A retest of this zone would represent a deeper correction and may draw long-term investor interest. - Support 3: ₹1,264.50
This level marked the bottom during the broad market sell-off in March 2025. It holds significant technical relevance and represents the strongest structural support on the chart.
Technical Perspective: Momentum Weak but Reversal Not Ruled Out
With the stock correcting sharply and volatility increasing, near-term momentum appears bearish. However, price action near ₹2,589.25 will be crucial. A strong defense of this level with supportive volumes could set the stage for a technical rebound or consolidation phase.
Should the stock breach this level decisively, ₹1,726.50 becomes the next critical zone to monitor. Traders and investors will be closely watching for reversal signals or signs of institutional accumulation at these deeper levels.
The recent correction in the BSE Ltd share highlights heightened sensitivity in financial stocks following regulatory developments. While the fall appears technically significant, the presence of well-established support levels at ₹2,589, ₹1,726, and ₹1,264 provides a framework for assessing potential re-entry points.
As always, investors should combine technical analysis with macro and company-specific developments, especially when trading in volatile conditions.
Viraj Jain is an active stock market trader and technical analyst with a sharp eye for identifying trend-driven opportunities. Passionate about market movements and price behavior, he specializes in analyzing crucial support and resistance levels in high-momentum stocks. Viraj is dedicated to keeping fellow investors informed with timely stock updates, chart-based insights, and actionable technical analysis that bridges the gap between market noise and informed trading decisions.