Quote on Morning Market 15 July Mr. Akshay Chinchalkar, Head of Research, Axis Securities
Below the Quote on Morning Market 15 July Mr. Akshay Chinchalkar, Head of Research, Axis Securities
The nifty ended down yesterday in what became its fourth straight daily loss. Technically speaking, yesterday's candle held support at 25000 and then bounced enough to generate a large-sized lower shadow -- that adds to evidence that the 25000 area matters. That said, unless and until the index records at least one daily close above 25340, near-term bulls need to remain cautious. This is because a drop into the 24800 - 24900 area still has decent chances. Asian cues from this morning are positive while US index futures are largely flat.
Above views are of the author and not of the website kindly read disclaimer
More News
Daily Market Commentary : Equity markets fell sharply as US tariffs and China?s 34% retaliat...
