Daily Technical Outlook by Axis Securities Ltd
Daily Technical Outlook
The Nifty ended the previous session at 23,487, down 182 points, as selling pressure intensified. The daily chart depicts a strong bearish candle with a lower high-low formation, closing below the prior session’s low—a clear signal of continued weakness.
Similarly, Bank Nifty settled at 51,209, declining 399 points as bearish momentum grew. The index formed a sizeable bearish candle with a lower high-low structure, signaling further profit booking and downside pressure.
Nifty
Daily Pivots
Bank Nifty
Daily Pivots
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