320-x-100_uti_gold.jpg" alt="Advertisement">
Quote on Nifty : Nifty has formed a bearish engulfing pattern on the daily chart Says Rupak De, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below View on Bank Nifty 09 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty has formed a bearish engulfing pattern on the daily chart, which suggests a bearish reversal. Besides, the index has slipped back into the declining channel; however, on the lower end, it found support at the 14DMA. The trend is likely to remain bearish until it remains below 17700. On the lower end, the bears may take the Nifty to 17500/ 17400.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
More News
Morning Nifty, Derivative and Rupee Comments as of 21 February 2023 by Anand James, Geojit F...
