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.

More To Explore

$1.3 billion bet! FPI dollars chased just these 4 sectors in November; what’s likely in December?

The consumer services sector attracted maximum inflows in November to the tune of Rs 4,370 crore, after witnessing outflows of Rs 185 crore in October.

December 11, 2023

Nifty could hit 22500 by elections! Here is a list of nearly 30 stocks to keep on your radar

Liquidity conditions are tight and all leading indicators like Copper Prices, Crude Prices are beginning to show signs of revival and might trend upwards suggesting

December 11, 2023

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.