By Monika Singh | 23 Mar, 2023
Nifty downtrend may continue if it breaks 16850, resistance at 17211; SRF, Paytm among top stocks to buy
On the daily chart, we observe that Nifty has recently bounced back from the lower end of a downward-sloping channel. So while there is a possibility of a pullback rally emerging, we must remember that the intermediate trend remains down. This intermediate downtrend will continue if the recent low of 16,850 is broken. A pullback rally is likely if the Nifty can take out the immediate resistance of...