moneyclassicresearchpvtltd
Nifty50 Forms Bullish Crossover; But Don’t Go Short Yet
On Friday, it was observed that the Nifty50 snapped a six-day losing streak. It has formed a Hammer-like pattern on the daily charts. In the morning session, the index respected its 200-day exponential moving average that was nearby 10,140 levels. It is expected that this will act as a short-term support for the index. According to some analysts, momentum indicator Stochastic has formed a bullish crossover from the oversold zone. This indicates that the pullback rally might continue in future.
Read More @ www.moneyclassicresearch.com/blog/nifty50-forms-bullish-c...
Nifty50 Forms Bullish Crossover; But Don’t Go Short Yet
On Friday, it was observed that the Nifty50 snapped a six-day losing streak. It has formed a Hammer-like pattern on the daily charts. In the morning session, the index respected its 200-day exponential moving average that was nearby 10,140 levels. It is expected that this will act as a short-term support for the index. According to some analysts, momentum indicator Stochastic has formed a bullish crossover from the oversold zone. This indicates that the pullback rally might continue in future.
Read More @ www.moneyclassicresearch.com/blog/nifty50-forms-bullish-c...