Expert Analysis on Nifty: What Analysts Are Saying
As a crypto enthusiast, you are always looking for insights from experts in the financial markets. Here is what top analysts are saying about the current situation of Nifty:
Shrikant Chouhan, Head Equity Research, Kotak Securities 😎
• Short-term market texture is weak but temporary oversold conditions may lead to a technical pullback rally.
• Key levels to watch are 22,000/72,550. Above this, a bounce back till 22100-22150/72300-72500 is possible.
• Weak sentiment may continue below 22000/72550, leading to a slip till 21850-21800/72100-72000.
Rupak De, Senior Technical Analyst, LKP Securities 😎
• Bears are in control as index breaks below 22,200 with visible Put writing.
• Immediate resistance at 22,200 with a continued sell-on-rise outlook until staying below this level.
Tejas Shah, Technical Research, JM Financial & BlinkX 😎
• Nifty closes below crucial support at 22,200-250, indicating a potential recovery in the coming days.
• Support levels at 21,950 and 21,700-800, with resistances at 22,200-250 and 22,500.
• Bears expected to dominate in the near future.
Hot Take: What to Keep in Mind as a Crypto Investor 😎
When considering expert analysis of financial markets like Nifty, it is essential to remain informed and make decisions based on a combination of expert advice and your own research. By staying updated on market trends and expert opinions, you can navigate the crypto space more effectively and make informed investment decisions.
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