INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty50 extended its rally into the sixth straight session on Friday, but the NSE barometer missed the 11,900-mark on a closing
basis by a whisker.
The bulls looked completely exhaustive, as indicated by back-to-back Doji formation on the daily charts for two
Besides, the index negated the formation of higher highs and lows after four consecutive sessions
to 11,899.
The bullish Candle on the weekly scale suggested that the trend still remained positive, as dips are being bought into on an
charts and supports are shifting higher gradually
The index has to continue to hold above 11,820 to witness an up-move towards 11,950
range can trigger profit booking, which can drag Nifty to 11,770-11,720 range