MENU

Published on 20/08/2019 5:32:22 PM | Source: HDFC Securities Ltd

Daily Market Quote by Mr. Nagaraj Shetti, HDFC securities 20 August 2019

Posted in Market Outlook| #Market Outlook #HDFC Securities

Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More

Below is the Views On Daily market quote by Mr. Nagaraj Shetti, Technical Research Analyst, HDFC securities

 

Nifty closed the day lower amidst a range movement, the bulls to make a comeback : HDFC securities    

The choppy trend continued in the market and the Nifty closed the day lower amidst a range movement. A small body of negative candle was formed today with minor lower shadow. Technically, this pattern indicates a choppy trend in the market.    

The Nifty is currently facing stiff resistance at 11,120-150 levels at the highs, but the selling momentum from the highs seems to have reduced in the last couple of sessions. This could be a relief factor for the bulls to make a comeback from the lower levels. Immediate supports to be watched at 10,980-960 levels.

 

HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475

 

Views express by all participants area for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer