Buy or Sell | Nifty likely to trend lower; buy Federal Bank
Moneycontrol
Moneycontrol
  • 5 years ago
Nifty has now entered into a short term downtrend. Technical indicators too are giving negative signals as the Nifty trades below the 13-day SMA and the 14-day RSI is in decline mode. We expect Nifty to trend lower towards the support of 11,311 in the near term, says Subash Gangadharan, Technical Analyst HDFC Securities.
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