Tech View: Nifty forms a bullish inside candle pattern. Can it surpass the 50-DMA level next week?

November 3, 2023

From a technical standpoint, the weekly chart displays a Bullish Inside Candle formation, with the weekly RSI at 51. On the daily chart, the 50-day moving average acts as a formidable resistance at 19,450 for the Nifty 50.

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