Tech view: Nifty short-term downtrend sees reversal, forms Doji-like candle. How to trade on Wednesday

Nagaraj Shetti of HDFC Securities stated that the Nifty’s short-term trend appeared to have reversed upward and was currently at the crucial resistance level of 25,200. He suggested that a decisive move above this level could potentially open the door for further gains towards new all-time highs. He also identified the immediate support level for the Nifty at 24,900.

More To Explore

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003