2025-05-06 10:47:22 am | Source: Axis Securities Ltd
Daily Technical Outlook by Axis Securities Ltd
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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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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