Pre-open Daily Tech view of Nifty Spot for 13.04.2022

By a staff reporter:



Yesterday Nifty gave a lower opening at 17585, with initial basis a bearish Gap in between 17650 to 17595 and not only breaches 17555 but also 17500. Bears tested all lower targets, correcting upto 17442 but bulls defended themselves from our very vital support 17444.



A decent bounce from day’s low 17442 & some recovery to end at 17530, down 145 points day to day basis. Though it depicted a reddish candle as closing below opening but technically formed a hammer candlestick pattern which indicates a bullish reversal pattern.



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Source : Eureka

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