Tech View: Defending 15,670 a must to avoid Nifty50 weakness - Economic Times

The index has now nosedived towards the swing lows seen in March and May this year. It is crucial to monitor how structure develops near this important zone. As long as the index stays above the March low of 15,671 on a daily closing basis, there is scope for…

Nifty50 on Monday formed a bearish candle on the daily chart, with a long lower wick, suggesting recovery from intraday low of 15,684. The index has been seeing a strong support near 15,670 since Ma… [+2481 chars]

full article...