INSUBCONTINENT EXCLUSIVE:
The Nifty50 took a breather on Thursday and edged lower after a seven-day winning streak
The index negated the formation of higher highs and higher lows which it had formed in last two sessions, and formed a bullish candle on the
Before closing 15.60 points, or 0.14 per cent, down at 10,951, the index scaled an intraday high and low of 10,962 and 10,880, respectively
opening lower and closed the day on a slight negative note
A long bull candle has been formed at the lower levels, which is indicating the emergence of buying interest from the lows
Currently, Nifty is making an attempt to stage a breakout on the upside crossing the resistance at 10,950
Research Analyst, HDFC Securities.
Near-term oscillators continued to remain positive
India VIX fell 2.74 per cent to 14.26 level
market.
Arun Kumar, Market Strategist, Reliance Securities, said the index is likely to consolidate for a couple of days before heading
favouring the bulls strongly, traders are advised to buy on any fresh breakout above 10,990, rather than buying on dips
In case Nifty breaches the 10,800 level on a closing basis, it shall set the tone for a short-term selloff with an initial target placed
