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Last Updated : May 09, 2019 02:25 PM IST | Source: Moneycontrol.com

Buy or Sell | Nifty likely to trend lower; buy Federal Bank

Technical indicators too are giving negative signals

Moneycontrol News @moneycontrolcom

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.
First Published on May 9, 2019 02:25 pm
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