Tech View: Holding above support level pivot for Nifty amid global uncertainty

The Nifty 50 ended lower for the second time due to global uncertainty, according to Angel One’s Rajesh Bhosale. Traders should remember that the primary trend stays upbeat, he added. The market analysist suggested that if global conditions improve the Nifty 50 could go up to 18600-18700 in the near future. The Senior Technical and Derivative Analyst at HDFC Securities, Subash Gangandharan, said the Nifty remained uptrend. The expert suggested that if the previous swing high support at 18459 holds, the index should resume its uptrend.

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