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Ahead of Market: 10 things that will decide D-Street action on Friday

Nifty on Thursday ended 265 points down to end the monthly F&O expiry day close to its 200-DMA at 18830 and formed a long bear candle on the daily chart. With three successive long bear candles, the index has now formed three black crows on the charts which signal more trouble in the short term
Shrikant Chouhan Radico Khaitan Nagaraj Shetti Kotak Bank Rs Sonata Software Polyplex Corp

nifty technical analysis: Ahead of Market: 10 things that will decide D-Street action on Thursday

The short-term trend of Nifty continues to be negative. Having placed at long-term support at the lows, there is a possibility of a small upside bounce from near 19100-19000 levels. A breakdown of 19000 is likely to open the next downside of 18600 levels in the near term. Any upside bounce from here could find strong resistance around 19250-19350 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Creditaccess Gramin Prashanth Tapse Nagaraj Shetti Kunal Shah Aster Dm Health Tata Steel

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