INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty snapped a four-day winning streak on Wednesday and slipped below the 12,350 level
During the session, it saw a smart recovery after briefly falling below its immediate support at 12,280
However, the index negated the formation of higher highs and lows on the daily scale
Securities.
For the day, Nifty fell 19 points, or 0.15 per cent, to end at 12,343.
Mazhar Mohammad of Chartviewindia.in advised traders to
remain 'neutral' on the index
In such a scenario, the index shall eventually head into the bullish gap zone between 12,132 and 12,044 levels registered on January 9
Strength shall re-emerge on a close above 12,374 level," he said.
Santosh Meena, Senior Analyst at TradingBells, said Nifty respecting the
We can expect the market to continue with the gains as long as Nifty manages to hold above the 12,300 mark