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Nifty PSU Bank, Finance indices likely to pullback, says Ravi Nathani

Meanwhile, the NIFTY Pvt Banks Index is expected to seek support between 19,936 and 19,916 range, says the technical analyst.

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Ravi Nathani Mumbai
Nifty Finance Index
Outlook: Technical Pull Back Expected
Last close: 18,091.25 

The Indian stock market has been volatile lately, and the Nifty Finance Index has felt the impact of this instability. Despite a sharp drop of over 1,800 points in the last 33 trading sessions, which has caused concern among market participants, it appears that this index will trade within a defined range of 18,400 to 17,570.

This prognosis is the result of a technical pullback after a correction, which is a common occurrence in financial markets.

For traders, the best strategy in such circumstances remains to sell near resistance levels and

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First Published: Jan 31 2023 | 8:01 AM IST

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