INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The Nifty50 formed a large bullish candle on Friday, just a day after it made a Bearish Belt Hold candle on the daily chart,
suggesting that the bulls were not ready to give up easily.
The bulls appeared to have reinstated the momentum in the market and look to be
heading towards its critical resistance zone placed between 11,480 and 11,500 levels on the long-term charts, said Mazhar Mohammad of
Chartviewindia.in.
For the day, the index rose 116.10 points, or 1.03 per cent, to close at 11360
remain intact as long as the Nifty50 stays above the 11,230 level, which can be regarded as a stop loss for all long positions
candle was formed with gapup opening on Friday (body gap, not a western gap)
The upside gap remains unfilled
