JANUARY 14, 2025 , 8:56 am ist
Stock Market Live Updates: Axis Securities Research Head Akshay Chinchalkar’s opinion on the market
Akshay Chinchalkar, Head of Research, Axis Securities, said, “Nifty fell for the fifth consecutive session on Friday, which shows how weak the market is. The zone between 23,177 and 23,355 will act as support on the downside. While immediate resistance is at 23600. Interestingly, even though the percentage of stocks above the 200-day average is up to 34 “It may have fallen, but 14-day momentum is still not oversold, which means there could be more weakness ahead”.