Daily Technical Outlook by Axis Securities Ltd
On Thursday, Nifty closed at 22397, losing 73 points. The index formed a bearish candlestick on the daily chart but remained within the high-low range of the previous session, indicating a lack of strength on either side.
Meanwhile, the Bank Nifty closed at 48060, marking a gain of 4 points. On the daily chart, the index has formed a bearish candlestick with shadows on either side, indicating extreme volatility.
Our trend score analysis of the Nifty and Bank Nifty suggests a bearish outlook on the benchmarks.
For detailed insights, please refer to the attached report, which includes pivot levels, key metrics, and the list of top gainers and losers.
NIFTY
Daily Pivots
Bank Nifty
Daily Pivots
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