Quote on today`s Nifty 22 October 2021 by Rohit Singre, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below is quote on today`s Nifty 22 October 2021 by Rohit Singre, Senior Technical Analyst at LKP Securities
"Index closed a week at 18114 with loss of more than one percent on weekly basis and formed a dark cloud cover candle pattern on weekly chart which is bearish reversal candle pattern by nature so if we slipped below 18k mark we may see short term reversal in index. The index has formed consecutive bearish candles throughout this week which hints bears are trying to grip the market from higher levels & which will be possible if we drag below the 18k mark in the coming week, immediate supports for nifty is coming near the 18k mark followed by 17950 zone if index managed to hold above 18k mark one can expect a swift pullback & resistance is coming near 18250-18350 zone"
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Market Wrap Up : Market plummeted over global woes; Nifty placed at crucial 19500 mark Says ...
