Nifty Showing Signs of Recovery: Bulls Need Conviction to Get Back on Track!!
Friday: The Index opened gap up and traded in the green whole session, finally ended at 10472.50. The market witnessed one of the volatile week as it sink more than 300 points on the Thursday and surged more than 200 points on the Friday as the market remained vulnerable to global and domestic cues. It has formed a strong real body, green candle on the daily chart and Hammer like pattern on the weekly chart suggests the Index has possible formed its bottom at 10138 and showing signs of a short term reversal, which would confirm if there is follow up buying continue this week. The Index rebounded and reclaimed... Read More