Daily Technical Outlook by Axis Securities Ltd
Nifty ended the previous session at 24,414, up 35 points, forming a bullish candle on the daily chart. However, the ongoing lower high–lower low structure continues to signal a negative undertone.
Meanwhile, the Bank Nifty settled at 54,611, gaining 340 points, and formed a bullish candle. Notably, it closed just above the previous session’s low, indicating an attempted comeback by the bulls.
Our trend score analysis of the Nifty and Bank Nifty suggests a neutral outlook for both benchmarks.
Kindly refer to the attached report for deeper insights, including pivot levels, key metrics, and a list of gainers and losers.
Nifty
Daily Pivots
Bank Nifty
Daily Pivots
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