Chart patterns suggest the 10-20 day exponential moving average (EMA) zone of 21,580-21,630 will act as a strong support going forward. Until spot Nifty holds 21,580, we may witness the continuation of the current momentum up to levels of 22,100-22,150.
F&O Talk: Nifty’s bullish structure intact after best week in 5 years; Sudeep Shah on HDFC Bank strategy, picks 5 stocks this festive season
Nifty surged 8% to post its strongest weekly gain in five years, supported by improving technical indicators and bullish momentum. SBI Securities’ Sudeep Shah discusses