INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The Nifty50 climbed for the seventh consecutive session on Friday
the bulls are not loosening their grip, the bears are putting immense pressure at higher levels
The index has been making higher highs since last 10 sessions
Sameet Chavan of Angel Broking believes given the recent development in select heavyweight counters, the Nifty50 may take the ongoing
upmove towards 10,580-10,640.
"A negative advance-decline ratio for the third session in a row accompanied by a sell signal on our twin
momentum oscillators and the fact that market registered a positive close for the seventh day in a row can be cause for concern and may
point towards a correction or temporary pause in the ongoing upmove
Yet, considering the larger picture, dips as of now are looking like buying opportunities, as the short-term trend shall not favour the
Advisory at Chartviewindia.in.
