Quote on Morning Market by Mr. Akshay Chinchalkar, Head of Research, Axis Securities
Below the Quote on Morning Market by Mr. Akshay Chinchalkar, Head of Research, Axis Securities
“The nifty ended in the red for the 8th straight day despite the late session recovery, with a similar streak last seen exactly two years ago. Technically speaking, the three-day drop in the Nifty is very similar to a formation that was seen at the March 2023 lows, which kicked off a multi-month bull market. The fact that the pattern is occurring in the area where the covid-era trendline is passing through makes the 22700 - 22800 area pivotal to the next big move. Any recovery attempt will face resistance between 23050 and 23150”
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MOSt Market Roundup : Nifty index opened negative and witnessed a sharp decline in the first...
