Nifty could now rise towards the previous high of 21037 while 20770 could offer support - HDFC Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Daily Technical View on Nifty
* Nifty recovered from early losses post 1230 Hrs on Dec 13 and ended mildly in the positive.
* At close, Nifty was up 0.10% or 19.95 points at 20926.4.
* Cash market volumes on the NSE rose to Rs.1.03 lakh cr.
* Broad market indices rose much faster than the Nifty even as the advance decline ratio remained firm at 1.29:1.
* Nifty Midcap and Smallcap indices have hit fresh all time high
* Nifty formed a long legged doji after a fall. This suggests possibility of some bounce in the markets.
* Nifty could now rise towards the previous high of 21037 while 20770 could offer support.
* Indicators and oscillators have turned bullish on hourly chart
* Primary trend of the Nifty is bullish and dips should be utilized to go long
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
