Nifty ended mildly higher in the volatile session

12-12-2023 10:09 AM | Source: HDFC Securities

Nifty ended mildly higher in the volatile session - HDFC Securities

News By Tags | #Sensex #MarketOutlook #Nifty #HDFCSecurities #BankNifty

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Daily Technical View on Nifty

* Niftyendedmildlyhigher inthevolatilesession onDecember11.

* At closeNiftywasup0.13%or 27.7points at 20997.

* Cash market volumes on the NSE remained aboveRs.1.06lakhcr.

* Broadmarket indices rosemorethantheNifty evenastheadvancedeclineratioroseto1.46:1.

* Niftyformedafreshnewhighandmadeahigher bottomcomparedtotheprevioussession.

* Niftyremained ina97point rangethroughthe dayandendedwithsmallgains.

* Nifty is in to continuationof anuptrend and holding longswithtrailingstoploss isadvisable fortraders

* Breadthofthemarketisverystrong

* Nifty is placed above all important moving averages, indicating bullish trend on all time frames.

* Niftycouldstayinthe20850-21050bandforthe nearterm.

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Nifty ended mildly higher in the volatile session - HDFC Securities

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