INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty50 on Friday climbed for a third straight session and formed a small bullish candle on the daily chart
The index made higher high higher low formation for the second in a row, suggesting momentum was shifting in favour of the bulls
That said, the tug of war with the bears is evenly balanced
Levels around 10,890 would be crucial for Nifty, a breach of which may intensify buying momentum
However, in the final hour, the index cooled off a bit
at Sharekhan by BNP Paribas
Ratnaparkhi feels the 10,764 level will be a crucial support level
The index rose 80.10 points, or 0.74 per cent, to 10,859.90 on Friday
It formed a Bullish candle on the daily scale and Hammer candle on the weekly scale, which implies declines were being bought into the
Subash Gangadharan of HDFC Securities shared similar view
This expert sees further upside once the immediate resistances of 10,893 is are taken out
