Daily Technical Outlook by Axis Securities Ltd

2025-03-11 10:07:54 am | Source: Axis Securities Ltd

Daily Technical Outlook by Axis Securities Ltd

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

Daily Technical Outlook

Nifty closed at 22460 in the previous session, down 92 points. The daily chart shows a bearish candle with a long upper shadow, signaling selling pressure and resistance at the 20 Simple Moving Average (SMA) and the bearish gap zone.

Bank Nifty settled at 48217, losing 281 points. The daily chart reflects a bearish candle with a long upper shadow, highlighting higher-level selling pressure and resistance.

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

Nifty

Daily Pivots

Bank Nifty

Daily Pivots

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Daily Technical Outlook by Axis Securities Ltd

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