Tech View: Nifty50 forms a strong bullish candle; What should traders do on Wednesday?

August 8, 2022

The Nifty index opened flat and moved in the positive direction for the entire session and headed towards 17,550. The next major resistance is placed above 17,700 on the upside, while support has been shifting higher towards 17,300, suggested experts.“Nifty formed a Bullish candle on a daily scale and gave the highest closing of the last 81 sessions,” said Chandan Taparia, Derivative & Technical Analyst, MOSL.

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