Tech View: Nifty momentum indicators hint at weakness. What should traders do on Friday

May 11, 2023

The Nifty formed a bearish candle and closed nearly flat, and needs to hold above 18,250 zones to move upwards towards 18,400 and 18,442 zones; support is placed at 18,181 and 18,081 marks. India VIX rose by 1.03%, and volatility has been increasing for the last four sessions. Analysts suggested that Nifty is expected to consolidate in a broader trading range between 17,900 and 18,500 zones and trade in an immediate range of 18,150-18,450 zones

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Tech View: Nifty weakness persists, bulls await 23,400 break. How to trade on Monday

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