Day Trad­ing Guide

The Economic Times - - Smart -

Nifty opened gap up and wit­nessed sus­tained buy­ing in­ter­est on Fri­day to ex­tend its gains to­wards 11,520 zones. It formed a bullish can­dle on the daily scale and a ham­mer can­dle on the weekly scale which sug­gests that the de­cline is be­ing bought in the mar­ket. In the last two weeks, pull back is be­ing sold so a fol­low up buy­ing in­ter­est is more im­por­tant to get a short term sta­bil­ity. Now it has to con­tinue to hold above 11,450 zones to ex­tend its gains to­wards 11,600 then 11,666 while on the down­side sup­port is seen at 11,450 fol­lowed by 11,333 zones.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.