Daily Technical Outlook by Axis Securities Ltd
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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