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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.

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First Published on May 9, 2019 02:25 pm
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