Daily Technical Outlook by Axis Securities Ltd

Daily Technical Outlook
Nifty closed at 22,908 in the yesterday’s session, gaining 73 points. On the daily chart, a small bullish candle with shadows on both sides has formed, indicating indecision as the index approaches the upper band of the falling channel from its all-time high.
The Bank Nifty settled at 49,703, up 388 points, forming a bullish candle with a higher high-low structure, reinforcing a positive bias.
Nifty
Daily Pivots
Bank Nifty
Daily Pivots
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