Daily Technical Outlook by Axis Securities Ltd

2025-05-06 10:47:22 am | Source: Axis Securities Ltd

Daily Technical Outlook by Axis Securities Ltd

News By Tags | #Sensex #MarketOutlook #Nifty #BankNifty #AxisSecuritiesLtd

Nifty ended the previous session at 24,461, up 114 points, forming a small bullish candle. However, price action stayed within the prior session’s range, signalling a lack of directional conviction.

Bank Nifty settled at 54,920, down 196 points, with a small bearish candle and shadows on both ends, reflecting market indecision.

Trend score analysis indicates a bullish bias for Nifty, while Bank Nifty holds a cautious bearish undertone.

Please refer to the attached report for comprehensive insights, including pivot levels, key metrics, and top gainers and losers.

Nifty

Daily Pivots

Bank Nifty

Daily Pivots

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Daily Technical Outlook by Axis Securities Ltd

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