Daily Technical Outlook by Axis Securities Ltd

2025-04-23 10:54:40 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 24,167, up 42 points, forming a Doji candlestick on the daily chart—signalling indecision among market participants regarding the near-term direction.

Meanwhile, Bank Nifty settled at 55,647, gaining 343 points. On the daily chart, the index formed a bullish candle with a noticeable upper shadow, highlighting selling pressure and resistance near the 56,000 level.

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

Kindly refer to the attached report for deeper insights, including pivot levels, key metrics, and a list of 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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