Should investors sell Nifty Auto, Energy on rise? Here's what charts reveal

Quick Summary:

In summary, the Nifty Energy Index's near-term trend is downward, with critical support levels at 41,150 and 40,800.

The rationale behind this strategy is that a break below 40,500 would likely trigger short-term buying interest, driving a rebound in the index.

With the index near its higher resistance, short selling or booking profits is advisable.

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Category: BusinessFinance

Markets: India

Topics: Technical charts Outlook Nifty chart analysis Nifty mid select index Nse Technical analysis Tech calls Nifty 50 Bse Stock call Nifty charts

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Published On: 2024-07-24 @ 06:32:03 (4 hours ago)

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