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If the Nifty manages to go past 17,700-17,850, it can rise to 18,000, while 17,600 will act as support on the down side, experts have said

Ahead of Market: 12 things that will decide stock action on Friday SECTIONS Last Updated: May 20, 2021, 10:20 PM IST Share Synopsis Analysts said, Nifty may end up going back to a broad trading range if it doesn't end up seeing any followup buying. Getty Images Related NSE By Sabari Saran New Delhi: The domestic equity market continued to fall for the second straight day as sharp sell-off in metals and financial counters weighed on investor sentiment. The index breached the psychologically important 15,000-mark, forming a bearish candle on the daily chart. Analysts said, Nifty may end up go...

NEW DELHI: Nifty50 dropped for the fourth straight session on Wednesday and formed a long bearish candle on the daily chart. This was the fifth straight session when the index formed a bearish candle. Nifty has barely held on to its 50-day moving average at 14,720 and a breach of this level could now trigger a steep downside in the near term. Any upside on the index is likely to be capped at 14,950 level, said analysts. Mazhar Mohammad of Chartviewindia.in said Nifty has registered a new corrective swing low from the high of 15,336, strengthening the bearish sentiment further. He believes it ...

NEW DELHI: Nifty declined for the third straight session on Tuesday and formed a bearish candle on the daily chart. During the day, the index broke below its 20-day moving average. Analysts said market is likely to see sideways action now, but any failure to stage a recovery from here on could potentially send the Nifty tumbling towards the 14,720 level, which is near Nifty's 50-day simple moving average. Mazhar Mohammad of Chartviewindia.in said the index could trade sideways to positive, provided the bulls manage to pull off a close above 15,000 level. “For the time being, intraday trade...

As long as it remains below 15,150 level, Nifty could continue to see weakness and head towards its next key support at 14,800 and 14,700 levels, while on the upside hurdles are seen at 15,250 and 15,400 levels.