Quote on Morning Market Movement by Akshay Chinchalkar, Head of Research, Axis Securities
Below the Quote on Morning Market Movement by Akshay Chinchalkar, Head of Research, Axis Securities
“The Nifty fell 0.5% on Friday, ending on a weak note after a failed attempt to extend its bounce. That saw the candle finish with a long upper shadow which represents strong bearish sentiment. The index has now declined for three straight weeks, the longest such streak since late October. Technically speaking, breaking above 23475 is needed in the near-term for a bullish flip, but till that happens 22976 will remain vulnerable with the longer-term focus in the 22500 - 22800 area”.
Above views are of the author and not of the website kindly read disclaimer
More News
Weekly Note :Markets volatile but end with marginal gains on mixed factors Says Mr. Ajit Mi...
