Daily Technical Outlook by Axis Securities Ltd

2025-05-09 11:02:18 am | Source: Axis Securities Ltd

Daily Technical Outlook by Axis Securities Ltd

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

In the previous session, Nifty settled at 24,274, shedding 141 points. On the daily chart, it formed a bearish candle with a lower shadow, indicating buying interest at lower levels.

Bank Nifty ended at 54,366, down 245 points. The daily chart displays a bearish candle with wicks on both ends, reflecting indecision among market participants regarding the near-term trend.

Our trend score analysis of the Nifty and Bank Nifty suggests a bearish outlook on the benchmarks.

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

Nifty

Daily Pivots

Bank Nifty

Daily Pivots

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Disclaimer: 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. To Read Complete Disclaimer Click Here

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Daily Technical Outlook by Axis Securities Ltd

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