MENU

Published on 19/07/2019 5:11:13 PM | Source: HDFC Securities Ltd

Technical note by Nagaraj Shetti, HDFC securities 19 July 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 Technical Note by Nagaraj Shetti - Senior Technical & Derivative Analyst, HDFC securities

 

Market expected to halt at a support of 11,250-200 levels in this week    

After showing a reversal type candle pattern on Friday, the Nifty slipped into weakness today and closed the day lower 102 points. A negative candle was formed today with gap down opening. We observe a minor lower shadow in today's negative candle. Technically this pattern indicates follow-through weakness of near term top reversal pattern Present decline is unlikely to damage an uptrend structure of the market and is expected to halt at a support of 11,250-200 levels in this week

 

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