scorecardresearchTechnical View: Nifty forms small bearish hammer pattern; 16,200-16,150 to be a key support zone

Technical View: Nifty forms small bearish hammer pattern; 16,200-16,150 to be a key support zone

Updated: 18 May 2022, 04:52 PM IST
TL;DR.
  • Nifty opened at 16,318.15 against the previous close of 16,259.30 and touched intraday high and low of 16,399.80 and 16,211.20 respectively.
Among the sectors, the Nifty FMCG index rose 1.25 percent while the pharma index climbed 1.06 percent. Nifty Realty and PSU Bank indices fell 1.75 percent and 1.57 percent respectively. Nifty Bank ended 0.40 percent lower. Photo Credit: Pixabay

Among the sectors, the Nifty FMCG index rose 1.25 percent while the pharma index climbed 1.06 percent. Nifty Realty and PSU Bank indices fell 1.75 percent and 1.57 percent respectively. Nifty Bank ended 0.40 percent lower. Photo Credit: Pixabay