The Nifty50 remained in the grip of bears throughout the trading session. It closed below its crucial 5-days exponential moving average placed at 10,967 and made a strong bearish candle after forming a Doji candle which suggests a possible reversal in the trend. The 5-DEMA acted as crucial support for the index soon after it made a bottom around 29-30 January. It breached the level on the downside in Friday’s session and now investors are advised to stay cautious and use rallies to create short positions.
Daily Chart
To Get Free Trial
Missed call @ 8817002233
Call Us @ 8602780449
Mail Us = starindiamarket@gmail.com
Visit = https://www.starindiaresearch.com/freetrial
Advertisements