With the Nifty on Tuesday managing to close above 17,000 for the second day after declining below it earlier in the session, market participants are betting that the market may not fall further in the near term unless the index closes below this level.
Tech View: Nifty forms doji candle; buy-on-dips suggested with 22,780 as key support. How to trade on Thursday
Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 23,285