IGI Logo

Nifty ended the previous session at 24,812, slipping 41 points. On the daily chart, it formed a small bullish candle with shadows on both ends, reflecting heightened volatility and indecision among market participants.

Meanwhile, Bank Nifty settled at 55,829, gaining 115 points. The index printed a modest bullish candle with an upper shadow on the daily chart, signalling overhead resistance and profit booking near the 20-day SMA placed at 55,826.

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

Please refer to the attached report for a comprehensive analysis, including pivot levels, key metrics, and leading gainers and losers.
 

NIFTY

Daily Pivots

BANK NIFTY

Daily Pivots

For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633