The momentum indicator MACD is also showing positive signs. The volume during green days is higher than the red days, which also confirms the upper hand of the bulls. We recommend buying the stock at current levels for 3350 and 3450 with immediate support around 3230 and 3195.
Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to