Technicals

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Technicals

As we are cautioning for the last few weeks, the Nifty breached its May 2019 low and confirmed the bearish trend. The benchmark index closed below the upward channel support. The continuous selling from the FIIs and the overall distribution in the market forced Nifty to fall without any relief.

As we are cautioning for the last few weeks, the Nifty breached its May 2019 low and confirmed the bearish trend. The benchmark index closed below the upward channel support. The continuous selling from the FIIs and the overall distribution in the market forced Nifty to fall without any relief.

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