Nifty Outlook: Still Need to Stabilize:Volatility May Persist!!
Friday, The Nifty opened gap up traded in the green and finally ended in the green at 11515. Nifty made a green bullish candle on the daily chart and a "Hammer" candlestick pattern on the weekly chart suggests ongoing correction may over as there was follow up buying seen at every lower level. Despite the Index has took support and bounced back in the 11500 zone, it will still take time to stabilize and confirm that it is ready to move upward. Technically, If it continues to hold above 11450-11460 then it could extend its gain towards 11560-11600. Due to Rupee weakening and US-China trade war concern, market... Read More