Rohit Srivastava, Founder of Strike Money Analytics, highlights the impacts of a rising dollar and bond yields on the Nifty, predicting further downside with significant levels to watch at 22,800 and potentially lower, while emphasizing caution against buying dips in a weak market.
Tech View: Nifty forms hammer candle, monthly support at 23,100 reaffirms strength. How to trade tomorrow
The hammer candlestick pattern indicates strong buying interest at lower levels, pointing to potential bullish momentum. The index held its key monthly support at 23,100,