INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The Nifty50 index on Tuesday slipped below its 200-day moving average, but ended up forming a bullish candle on the daily chart
tensions with Pakistan, broadened the trading range for Nifty
With the FO expiry on Thursday, analysts advise traders exercise caution in the short-term.
Vishal B Malkan, Founder, MalkansView sees a
broader trading range of 10,950-10,700 going ahead
For the day, the index finished below its 200-DMA of 10,862
The underlying short-term trend of Nifty is slightly weak and the immediate support to be watched is at 10,720 level, said Nagaraj Shetti of
Kumar, Market Strategist at Reliance Securities.
Considering the saber-rattling between the arch rivals India and Pakistan, short term
traders are advised to maintain a neutral stance for the time being, without creating any directional bet, said Mazhar Mohammad of
