Nifty’s short-term trend remains bullish, with the index expected to approach the next resistance level at 24,400. Any pullbacks are likely to find support near 23,900, according to Nagaraj Shetti of HDFC Securities.
Tech View: Nifty breaches 200 DEMA, signalling bearish sentiment. How to trade on Tuesday
The Nifty faced selling pressure, closing below 23,700 and breaching the 200-day EMA, signalling a bearish trend. Failure to hold current levels could see support