IGI Logo

Nifty ended marginally lower at 24,334, slipping just 2 points on Wednesday. On the daily chart, it formed a Doji candlestick, reflecting market indecision and a lack of clear directional bias.

Meanwhile, Bank Nifty declined by 304 points to close at 55,087. The index formed a small bearish candle with a lower shadow, suggesting that while selling pressure persisted, there was notable buying interest at lower levels.

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

Please refer to the attached report for in-depth insights, including pivot levels, key metrics, and a list of gainers and losers.

Nifty

Daily Pivots

Bank Nifty

Daily Pivots

For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633