Strong cuts have been witnessed in today`s session By Rohit Singre, LKP Securities
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Below are Views On Strong cuts have been witnessed in today’s session By Rohit Singre, Senior Technical Analyst at LKP Securities
"Strong cuts have been witnessed in today’s session as nifty closed a day at 14638 with loss of one & half per cent forming a bearish candle on the daily chart. The overall structure still looks of narrow consolidations as index rejected around 14900 zone third time on hourly charts and we saw good profit booking from the same levels, now if index managed to sustain below 14700 zone then we may see next move towards its previous swing low of 14300 zone and if it managed to hold above 14700 zone then some relief rally can be seen"
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