Charts suggest downside for Nifty PSU Bank, Fin Svcs; here's how to trade

Quick Summary:

The Nifty Financial Services Index is currently experiencing a downward trend in the near term.

This approach allows for taking advantage of the anticipated stabilization and subsequent upward momentum of the index.

For conservative traders, waiting for a breakout to confirm the direction of the trend before making significant moves is advisable.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Nse Technical analysis Nifty chart analysis Nifty psu bank Bse Nifty 50 Nifty charts Tech calls Nifty financial services Outlook Stock call Technical charts Nifty private bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 06:21:00 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21946726

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 286 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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