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Exit trading longs below 14,190 in Nifty: Vinay Rajani, HDFC Securities

The sustained level below 14,190 could drag Nifty towards 13,600-odd levels

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Vinay Rajani Mumbai

2 min read Last Updated : Apr 22 2021 | 8:26 AM IST

Nifty Outlook

Nifty has been trading in the downward sloping channel on the daily charts. The current level of Nifty is placed very near to the support derived from this channel. Any close below 14,190 would be considered bearish and trading longs in Nifty should be squared off in that case. On the higher side, 14,560 would play a crucial role as resistance. The sustained level below 14,190 could drag Nifty towards 13,600-odd levels.

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Topics : Markets Market technicals Nifty Outlook HDFC Securities Wipro PI Industries technical calls

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