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Published on 19/03/2019 5:08:09 PM | Source: HDFC Securities Ltd

The short term trend of Nifty is positive, more upside could be in store for near term - HDFC securities

Posted in Expert Views| #HDFC Securities

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Below is the views on today’s market performance.Mr. Nagaraj Shetti - Technical Research Analyst, HDFC securities 

The short term trend of Nifty is positive, more upside could be in store for near term : HDFC securities

    The short term trend of Nifty is positive, more upside could be in store for near term.     Nifty continued to show upmove today amidst a range movement and closed the day on decent gains. A small body positive candle was formed today with long lower shadow, which is signaling a positive bias for the market. Nifty moving above the high of doji type candle pattern of previous session, indicates strength of an upmove and lack of selling participation in the market.    

The short term trend of Nifty is positive and more upside could be in store for near term. Next overhead resistance to be watched at 11,610 levels.

 

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