Thursday 23 November 2017

Nifty 50 forms a Doji Pattern

The Nifty50 formed a ‘Doji’ pattern for the last three session. The index faced selling pressure at the 10370- 10,380 level during the session and support around the 10,310 level.


Nifty50  breakout on either side traders to keep strict stop losses.

“The index requires a hold above 10,380 to move towards 10,420 and 10,450 levels. On the downside, it has support at 10,305 and then 10,263 levels,”

Nifty50 was Thursday closed up 6.45 points, or 0.06 per cent, at 10,348. This was the fifth session when the index moved in a 60 -70 point range.

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