After witnessing a correction of more than 540 points from the recent swing high of 18887 - HDFC Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/6ae4616d383c180b225e4b3fd4e88e96.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Daily Technical View on Nifty
* Nifty closed in the positive on Dec 13 after a flat session on Monday.
* Nifty kept inching up through the day after a higher opening and closed 0.60% or 110.9 points higher at 18608.
* Broad market indices rose less than the Nifty even as the advance decline ratio stayed up at 1.15:1.
* Nifty rose for the second consecutive session, to close at 18608.
* After witnessing a correction of more than 540 points from the recent swing high of 18887, Nifty has started recovering.
* Nifty has managed to close above its 20 days EMA, which indicates bullish trend.
* Nifty has broken out from downward sloping trend line on the hourly chart, which indicates bullish trend
* Above 18664, Nifty would result in to “Flag” pattern breakout on the daily chart
* Long positions should be held with the stoploss of 18410.
* Any close above 18730, would confirm the resumption of an uptrend, which could pull the index towards new all-time high.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/kotak securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/TechMahindra23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/powersector25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fsdkfjeljweoir.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalasitharaman230717.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_9477.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/global29.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar 30.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/01/e8acb1aa3de211a5f5c64d1d0573415a.jpg)
Quote on Market 28 january 2022 By Dr. Joseph Thomas, Emkay Wealth Management
![Markets ended marginally lower on Thursday after the Nifty was unable to sustain at the highs of the day - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/02/0e34e94f7bf0cca64b2a3c52ff5b1222.jpg)
![Daily Market Analysis : Consequently, Nifty finally settled at 17303.95 level Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/98415e804587478927a6225926f58c8b.jpg)
![We would be prepared to take it as a weak sign, that could threaten the Jan low of 13596 - Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/04/359d306d392d99371e5087dab8892ac2.jpg)