Jatin Gedia sees Nifty pullback extending
In short
Jatin Gedia of Teji Mandi said the Nifty pullback may keep going. He pointed to daily and hourly momentum indicators as the reason.
The note was carried by Business Standard Markets and did not give a price target or a date. It also did not explain any company-specific move for Tanla Platforms, HBL Engineering, or Bharti Hexacom.
What the reporting says
Jatin Gedia of Teji Mandi said the Nifty pullback is likely to continue, citing positive cues from daily and hourly momentum indicators. The note, carried by Business Standard Markets, did not give a price target, a date for the call, or any company-specific trigger for Tanla Platforms, HBL Engineering, or Bharti Hexacom. The immediate impact is a short-term market view, while the exact trading setup remains unspecified.
Why it matters
Jatin Gedia of Teji Mandi said the Nifty pullback may continue, based on positive signals from daily and hourly momentum indicators. The Business Standard Markets summary does not mention any new company announcement, price level, or target. The view matters for traders watching Nifty-linked sentiment and for shares such as Tanla Platforms, HBL Engineering, and Bharti Hexacom, but the exact trade thesis is not stated.