INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty50 on Friday topped the 11,600 level and formed a bullish Pin Bar candle on the daily chart
The lower wick of the candle was long, suggesting buying at lower level
This was the fourth session when the index hit higher highs and lows
determining further course of action, said Gaurav Ratnaparkhi at Sharekhan
For the day, the index rose 53.90 points, or 0.47 per cent, to 11,623
swing highs along with price chart, which is a cause for concern.
If the index slips below the 11,570 level next session, it shall trigger a
short-term selloff, he said.
Meanwhile, a bullish candle on the weekly scale suggested that the bulls are holding a tight grip on the market
