Daily Technical Outlook by Axis Securities Ltd

Daily Technical Outlook
On Monday, Nifty closed at 23,658, gaining 308 points. On the daily chart, it formed a long bullish candlestick with a higher high-low structure and closed above the prior day’s high, reinforcing a positive bias.
Meanwhile, the Bank Nifty surged 1,111 points and closed at 51,705, forming a bullish candlestick with a higher high-low formation. Additionally, the index confirmed a double-bottom pattern, strengthening the bullish outlook.
NIFTY
Daily Pivots
Bank Nifty
Daily Pivots
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