INSUBCONTINENT EXCLUSIVE:
NEW DLEHI: The Nifty50 formed a Hammer candle on daily chart on Friday, as index recouped its losses to end on a high note in an otherwise
poor week for equities.
Analysts said index might turn sideways with a positive bias for a couple of days before seeing any directional
move.
On weekly charts, Nifty formed a Bearish Engulfing pattern, said Mazhar Mohammad of Chartviewindia.in, who feels traders should adopt
In next couple of sessions, we can expect it to see a sideways move as long as index sustains above 10,628
HDFC Securities said Nifty has seen an alternative candle formation of red and green in last few weeks
He sees possibility of a small upside bounce during early to mid-part of next week, but says 108,80-900 range will offer a strong resistance
in near term.
On daily chart, index formed lower highs and lows for third session
