bullish candle

Tech View: Nifty near hurdle zone at 22,300. What traders should do on Wednesday

by
Tech View: Nifty near hurdle zone at 22,300. What traders should do on Wednesday

Nifty on Tuesday ended 114 points higher to form a bullish candle on the daily chart and is now approaching the hurdle zone around 22,300 after two days of rebound. “We need to witness a decisive close above 22,200-250 levels for further strength in the Nifty. Support for the Nifty is now seen at 21,950-22,000 … Read more

Tech View: Nifty forms bullish candle; resistance likely at 17,500

by
Tech View: Nifty forms bullish candle; resistance likely at 17,500

A late rebound on Wednesday helped Nifty50 take its winning run to the sixth trading session. The index ended up forming a bullish candle with a long lower-wick, suggesting the bulls are not ready to give in as yet. Gaurav Ratnaparkhi of Sharekhan said the index is stretching higher, after hovering near the 61.8 per … Read more