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    Vikshita Vitthal Gujaran in Stock Market Update

    06-Oct-2022 12:38 PM


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    Closing Bell: Nifty ends above 17,300, Sensex gains 156 pts led by metal, realty, capital goods

    October 06, 2022 / 04:54 PM IST Manish Shah, Independent Technical Analyst Nifty gapped higher for the day but it closed at the low of the day giving us a red candle.
    Nifty has now moved above the previous swing low.
    On the upside, Nifty has major resistance at 17550-17600.
    There should be selling pressure at this level.
    Expect Nifty to be very volatile in the next couple of days.
    Bank Nifty saw a bit of a decline from the highs and the price action shows a bearish shooting star pattern BNF shows selling pressure from the resistance at the Gap area between 39200-39400.

    Source - Money Control
    #stock #stockmarket #nifty