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Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Topics
technical callls | Stock calls | Nifty Outlook

Gaurav Garg  |  Mumbai 

Nifty View Markets bounced sharply from lower levels and formed piercing candle on daily charts, hinting towards the reliefs provided by Finance Minister Nirmala Sitharaman by revoking FPI surcharge, capitalization for PSBs and major announcements to boost the economy. The Nifty closed at 10,829.40 on Friday, surging 88 points, and making an intraday low of 10,638.

Niftybank was unable to contribute in the rally and closed in the red at 26,958.65, shedding 75.55 points. The Nifty will face resistance at 10,900 levels, and if it breaks this level, we may witness an upside up to 11,050. ...

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First Published: Mon, August 26 2019. 08:20 IST
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