Ahead of Market: 12 things that will decide stock action on Wednesday
Nifty moved in a range of 112 points throughout the day and formed a bearish candle on the daily chart. Analysts said Nifty may correct more if it fails to hold the 15,700 level in the coming days.
Here’s how analysts read the market pulse:
Mazhar Mohammad of Chartviewindia.in, said, Nifty closing below 15,700 level will be considered a sign of weakness. “If the bulls manage to defend the 15,700 level on a closing basis on Wednesday, chances of a breakout…