Technical analysts do not see a rebound in the markets in the near-term. “Nifty is currently around its crucial support of 23,800 and we see a ‘sell on rise’ market, where it could sustain around 23,400 levels for the next week to next month. As long as it remains below 24,500 our view remains negative,” said Kapil Shah, technical analyst at Emkay Global
Tech view: Nifty forms Doji candle; a break below 23,500 likely to push index lower. How to trade on Monday
The 23,500-23,540 range serves as an immediate support zone for the index. A decisive break below 23,500 could lead to a further drop to the
November 14, 2024