The Nifty index opened flat and moved in the positive direction for the entire session and headed towards 17,550. The next major resistance is placed above 17,700 on the upside, while support has been shifting higher towards 17,300, suggested experts.“Nifty formed a Bullish candle on a daily scale and gave the highest closing of the last 81 sessions,” said Chandan Taparia, Derivative & Technical Analyst, MOSL.
Tech view: Bullish reversal on Nifty hinges on sustained breakout. How to trade tomorrow
The Nifty index formed a bearish engulfing pattern, signaling potential bearish momentum below the 23,000 support level. Resistance lies at 23,300–23,500, requiring a breakout to