On Thursday, Nifty ended slightly lower, forming a small red candle and closing 53.60 points down at 25,145. The short-term trend remains choppy, with key support at 25,000-24,900 and immediate resistance at 25,300, according to Nagaraj Shetti of HDFC Securities.
Tech View: Nifty forms Doji candle but crosses 200-DMA? What traders should do on Monday
Nifty crossed the 200-Day Simple Moving Average (23,860) but couldn’t sustain, forming a Doji candle on the daily chart. The weekly chart shows an inside