MENU

Published on 13/08/2019 5:29:41 PM | Source: HDFC Securities Ltd

Daily Market Quote by Mr. Nagaraj Shetti, HDFC securities 13 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

 

The Nifty slipped into a sharp weakness today, crucial lower supports to be watched at 10,782 levels : HDFC securities    

After showing an upside bounce in the previous couple of sessions, the Nifty slipped into a sharp weakness today. The key overhead resistance of 11,120 has proved to be a strong resistance, as the Nifty was not able to sustain above it, after surpassing it as per intraday basis on Friday.    

A long negative candle was formed on Tuesday, which signals a formation of bearish engulfing type pattern, after a small rise (not a classical one). Today's sharp negative reversal after a small rise signals more weakness ahead in the coming sessions. The crucial lower supports to be watched at 10,782 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