Nifty: Tech View: Nifty bulls run to save the 20-day EMA, upside capped
NEW DELHI: Nifty50 breached the swing high of 15,273 on Friday only to come crashing down later. The index ended up forming a ‘Bearish Engulfing’ candle on the daily chart and a ‘Gravestone Doji’ formation on the weekly chart. The only silver lining for the day was that the index still managed to close above the 15,000 mark. Mazhar Mohammad of Chartviewindia.in said Nifty50 seems to be moving sideways and is drawing support from its 20-day exponential moving average that stands at 14,957, as it bounced back after testing the said average in four out of last five sessions to Friday. "A...