“The overall trend still remains in a bearish to sideways mode,” said Rohan Patil, technical analyst at Samco Securities. “Support for Nifty is placed at around 17,400 -17,350 levels and resistance are capped at 17,800 levels.”
The yen slightly appreciated against the dollar, seemingly unfazed by disappointing Japanese GDP results. Market participants have begun to adjust their forecasts, pushing back the
In the Nifty500 pack, nine stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on August 14, according to stockedge.com’s technical scan data.
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