Nifty is currently placed above all important moving averages, indicating bullish trend - HDFC Securities
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 Broke four session’s winning streak
* At close, Nifty was down 0.53% or 99.5 points at 18534.4.
* Volumes on the NSE were the highest since Nov 2020 due to MSCI rebalancing trades.
* Broad market indices ended in the positive even as the advance decline ratio remained positive at 1.12:1.
* Nifty ended May with a 2.6% gain driven by FPI flows and encouraging Q4 results.
* Nifty on Wednesday filled the upgap made on May 29. The fact that the Nifty did not close at the intra day low was reassuring.
* Nifty could now remain in the 18641-18432 band for the near term.
* Nifty is currently placed above all important moving averages, indicating bullish trend
* Oscillators have turned bearish on the short term chart
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
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
