“Nifty formed a Bearish candle on the daily scale and has been making lower highs – lower lows from the last five trading sessions. Now, till it remains below 17,166 zones, weakness may be seen towards 16,800 and 16,666 zones whereas hurdles are placed at 17,166 and 17,250 zones,” said Chandan Taparia of Motilal Oswal Financial Services.
Tech View: Nifty indicators give positive signals, likely to face resistance at 24,694. How to trade tomorrow
Nifty formed a bullish candle today, closing at a 5-session high after establishing a triple bottom in the 24,073-24,140 range. Indicators signal a bullish short-term