Tech View: Nifty downside momentum slowing down




Nifty ended Tuesday’s session flat and in the process formed a small bearish candle with minor lower shadow on the daily chart.This pattern indicates a choppy movement in the market with weak bias. Nifty is currently showing signs of slowing down of downside momentum and is placed at the support of 10-day EMA around 19650 levels, said Nagaraj Shetti of HDFC Securities.

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