Tech view: Nifty50 forms bullish candle, bias may turn positive

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty50 snapped a three-day losing streak on Friday to close almost at its 200-day moving average
But analysts say upside, if any, will be limited. The bears lacked enough ammunition to do significant damage, which suggests the market was
which should be confirmed on any close above 10,930
Mohammad said
Aditya Agarwala of YES Securities said a breach of the 10,890 level could take the index beyond the 10,940 mark
He expects profit booking to trigger should the index fall below 107,60
0.66 per cent, to close at 10,863
It still lacks directional clarity on a near-term basis as it gyrates between 10,680 and 10,915 levels, said Arun Kumar, Market Strategist,
timeframe chart, Nifty has formed a small-body positive candle with high upper and lower shadows