NEW DELHI: Nifty declined for the third straight session on Tuesday and formed a bearish candle on the daily chart. During the day, the index broke below its 20-day moving average. Analysts said market is likely to see sideways action now, but any failure to stage a recovery from here on could potentially send the Nifty tumbling towards the 14,720 level, which is near Nifty s 50-day simple moving average.
Mazhar Mohammad of Chartviewindia.in said the index could trade sideways to positive, provided the bulls manage to pull off a close above 15,000 level.
“For the time being, intraday traders are advised to create short positions below the 14,890 level and look for a modest target of 14,750 level, he said.
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Why PM Modi s Bangladesh visit around Bengal polls is a smart move
On the day West Bengal witnesses the first of its eight-phase state assembly elections, Prime Minister Narendra Modi may be heading for an unusual shrine in Bangladesh Orakandi. Orakandi is not far from Tungipara in Gopalgunj, the ancestral home of Bangabandhu Sheikh Mujibur Rahman and daughter Sheikh Hasina, the now Prime Minister of Bangladesh.
It is the most sacred shrine of the Matua community, a Hindu sect whose numbers are considerable both in West Bengal and Bangladesh.
Modi will reach Bangladesh on March 26, the day observed in Bangladesh as Independence Day when in 1971, Pakistan s brutal army unleashed Operation Searchlight , the genocide of Bengalis in tens of thousands that sparked the country s struggle for freedom.
Kolkata, March 3 (IANS) On the day the West Bengal witnesses the first of its eight-phase state assembly elections, Prime Minister Narendra Modi may be heading for an unusual shrine in Bangladesh Orakandi .
Modi s Matua outreach in B desh around WB polls prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.