Technical View: Nifty Forms Bullish Candle On Weekly Chart, Needs To Hold 14K Next Week
Technical View: Nifty forms bullish candle on weekly chart, needs to hold 14K next week Traders should remain neutral on the long side of the index, whereas intraday traders can consider shorting below 13,990 for a modest target of around 13,880 levels. Sunil Shankar Matkar January 01, 2021 / 05:04 PM IST The new year saw the Nifty50 scaling a new peak as it closed above the psychologically important 14,000-mark on January 1, led by select auto, FMCG, IT and pharma stocks. The index formed a small bullish candle that resemblef a Doji pattern on...