Daily Technical Outlook by Axis Securities Ltd

Nifty ended the previous session at 24,167, up 42 points, forming a Doji candlestick on the daily chart—signalling indecision among market participants regarding the near-term direction.
Meanwhile, Bank Nifty settled at 55,647, gaining 343 points. On the daily chart, the index formed a bullish candle with a noticeable upper shadow, highlighting selling pressure and resistance near the 56,000 level.
Our trend score analysis of the Nifty and Bank Nifty suggests a bullish outlook on the benchmarks.
Kindly refer to the attached report for deeper insights, including pivot levels, key metrics, and a list of gainers and losers.
Nifty
Daily Pivots
Bank Nifty
Daily Pivots
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