Nifty Technical Chart Analysis 27th April

The Nifty Technical Chart is given below and see this chart. Technically, the Nifty has strong resistance with a 20-day moving average (14577) and RSI below 50 is also not a sign of an uptrend. But according to previous analysis, the weekly breakout level Nifty close above 14470.

nifty chart

Nifty 50 Stock trend

Tracking gains in ICICI Bank, Reliance Industries, Axis Bank and SBI. Axis Bank emerged the best Nifty performer, up 4.40% , ahead of its March quarter results on Tuesday.

It was followed by ICICI Bank, Ultratech Cement, SBI and HUL. On the Down side, HCL Tech, HDFC Bank, Sun Pharma and Maruti Suzuki were the top losers, down up to 3%.

Sectorally, barring the Nifty Pharma which lost 0.87%, all indices closed with gains. Nifty Realty was the top performer, up 3.40% followed by Nifty Metals and Nifty Bank which gained nearly 2% each.

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict SL .Please also read the detailed Disclaimer mentioned in the left side of Blog.

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