INSUBCONTINENT EXCLUSIVE:
candle on the daily chart
The bulls made a strong comeback in the second half of the session to help the index end the day 60 points higher.
Analysts said to maintain
the bullish trend, the NSE barometer needs to sustain above the 10,333 mark
Before settling 0.58 per cent down at 10,549, the index witnessed strong volatility and hit an intraday high and low of 10,567 and 10,333,
respectively.
Earlier in the morning, the index saw a gap-down opening after RBI Chairman Urjit Patel suddenly resigned post market hours on
resulted in a long bullish candle and raised the intraday range to 234 points
For initial signs of strength, the bulls need to bridge this gap first
Trading Advisory, Chartviewindia
To retain the bullish bias, Nifty50 needs to sustain above 10,333 and a breach of this level shall set off the downswing with initial target
Technical Research Analyst, HDFC securities said the underlying short-term trend remains positive, and more upside is likely in the near
Near-term oscillators continued to be in the sell mode with momentum indicator Moving Average Convergence Divergence (MACD) showing a
bearish crossover below the signal line
