Nifty formed a long bull candle on the daily chart on Thursday weekly expiry. Once it breaches 23,000, the index might move towards 23,500 in the short term. Nifty has broken above 22,750 – 22,800 resistance zone and is eyeing the upper end of the rising channel placed at 23,100 – 23,150
Nifty gains 3% as analysts predict recovery; key resistance levels ahead
Nifty gained 3% last week, forming a higher-top and higher-bottom structure, indicating bullish sentiment. Analysts suggest it must breach key resistance levels for more substantial