Nifty futures were trading in red at 15,617 on Singaporean Exchange. On Wednesday, BSE Sensex and Nifty 50 could start in the negative territory amid mixed global cues.

Nifty futures were trading in red at 15,617 on Singaporean Exchange. On Wednesday, BSE Sensex and Nifty 50 could start in the negative territory amid mixed global cues. Technical analysts say that Nifty’s pattern on a weekly time-frame suggests further upside movement in the counter. “The index has been trading above all the moving average in daily time frame, which points out strength in the counter. In addition, an indicator MACD & Stochastic witnessed positive crossover. At present, the nifty seems to have resistance at 15700 levels while immediate support shifted to around 15450 levels,” said Sumeet Bagadia, Executive Director, Choice Broking

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