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Trade setup for Wednesday: Top 7 things to know before Opening Bell
Nagaraj Shetti of HDFC Securities expects more upside towards 14,655 and higher in the next couple of sessions. Sunil Shankar Matkar January 20, 2021 / 06:50 AM IST
The market recouped more than half of previous two-day losses and closed 1.7 percent higher on January 19, driven by buying across sectors and positive global cues.
The BSE Sensex rallied 834.02 points to 49,398.29, while the Nifty50 climbed 239.90 points to 14,521.20 and formed a bullish candle on the daily charts after bearish candle seen in the previous two consecutive sessions. This pattern could indicate a sharp comeback of bulls from the lower levels. Most of the losses of the last two sessions have been erased in one session on Tuesday. This signals intact of short-term uptrend and one may expect Nifty to challenge the recent all-time high of 14,653 soon, Nagaraj Shetti, Technical Research An