Nifty and Global Update
Nifty and Global Update
1) Nifty closed below 23500 and was a bearish close
2) Bias for today will be slightly negative
3) Global markets are sideways to negative
4) US - Trump Government announced 25% tariff on Auto car which are manufactured outside US
5) We expect some profit booking as well
6) 23370 shall work as support
7) Next support shall be at 23200
8) Daily RSI above 60 - Hence overall momentum is good for 1-2 weeks
9) For the day might be volatile
10) Stock on radar - BAJAJ-AUTO TVSMOTOR
This is all for learning only.
Thank you,
Technofunda24
#WatchOutFor#TechnicalViews

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