INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The Nifty50 staged a strong rebound on Friday, but could not reclaim the 10,500 level
Securities
On the weekly scale, the index formed a Hammer candle on the weekly scale, with a positive close after five weeks of
6,825, 7,893 and 10,200 levels
hurdle stands around the 10,547 level, with strong price action and almost a confirmation of a short-term bottom in place, this level may
not be a difficult task for the bulls to clear
Hence, this pullback should get extended to initially test its 200-DMA, which is placed around the 10,779 mark
Shetti, Technical Research Analyst at HDFC Securities.
