NEW DELHI: Nifty50 on Tuesday saw solid purchasing at its help level of 17,000 and wound up shaping a bullish candle on the everyday outline. Investigators said the file can see obstruction at around 17,500. They see prompt help for the record at 17,200.
Shrikant Chouhan of Kotak Protections said that the record took the help close to the 200-day SMA or 17,000 and switched rapidly. A long bullish candle on the day to day diagram is comprehensively sure, he said.
"For the pattern following merchants, ..
"This intends that there is an extension for the merchants to plan their play towards expiry in a bullish bearing. Nifty50 should hold over 17,200 and this is the place where stops ought to be, however choice play is planned," he said.
Not all investigators are bullish.
Mazhar Mohammad of Chartviewindia.in said the powerlessness of bulls to move beyond 17,350 should bring about sideways combination in the 17,350-17,000 territory.
"Hence, on the drawback, 200-days moving normal, present a ..
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