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By a Staff Reporter: Yesterday Nifty Spot gave a higher opening at 17045 and then for most of the session traded in positive territory to hit the day's high of 17187. Finally, it settled at 17136, up by 178 points, or 1.05%.
After 5 consecutive basis lower closing 1st day higher closing. Bulls able to defend themselves from psychologically vital 17000-mark but high hits at 17187
Nifty formed Bullish Harami pattern on the daily charts that made up of two candlesticks. On Day One, a long bearish candlestick was formed, while on Day Two, a small bullish candle is formed. The bigger bearish candle of Day One and a small on Day Two represent a chances of trend reversal.
For a sustainable up move, the index needs to bridge the bearish gap present between 17275 and 17457.
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For a sustainable up move, the index needs to bridge the bearish gap present between 17275 and 17457.
For Opening DP and Trading account, Mutual Fund Investments and Two/Four Wheeler Insurance Renewal, please contact 9836000699
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Source : Eureka
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