Technical Analyst, Mohit Gaba:
The Nifty is drifting lower as expected; however this drifting is difficult to trade. The next area of crucial supports are 5900 and 5850 - 5840 zones.
Seeing the weakness in the Bank Nifty we might just see lower levels. Personally I am going to wait until a clear/strong trending day happens before I initiate a position on the index.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
