A close below 18,600 to drag Nifty lower: Analysts - News Summed Up

A close below 18,600 to drag Nifty lower: Analysts


A decisive close below the 18,600 level would drag Nifty to 18,350- 18,450 levels, say technical analysts . A decisive close below would deteriorate the mood, and Nifty may find support at 18,350-18,450 zone. Among the list of F&O counters, Bharti Airtel, Birla Soft, Exide Ind, HCL Tech, and NTPC have the potential to inch higher. Bharti Airtel has resumed the uptrend, while Exide Industries is showing noticeable traction and HCL Tech looks best in large-cap IT. Nifty Pharma has rallied by over 4% this month, and the ratio of Pharma vs Nifty is above 200-DMA.


Source: Economic Times June 26, 2023 12:26 UTC



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