Daily Technical Outlook by Axis Securities Ltd

2025-02-17 10:56:28 am | Source: Axis Securities Ltd

Daily Technical Outlook by Axis Securities Ltd

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

* Nifty closed at 22929 on Friday, losing 102 points. On the daily chart, it formed a Bearish candle with a lower shadow, signalling buying interest around the recent low of 22780.

* Bank Nifty settled at 49099, down 260 points. It also formed a Bearish candle with a lower shadow, indicating buying at lower levels. However, a close below the 20-day Simple Moving Average suggests continued weakness.

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

Nifty

Daily Pivots

Bank Nifty

Daily Pivots

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

SEBI Registration number is INZ000161633

To Read The Complete Report & Disclaimer - Click Here

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

IGI Logo

Daily Technical Outlook by Axis Securities Ltd

Top News

Tag News

More News