technical view: technical view: Nifty50 above 50-day SMA; possible further growth
technical view: technical view: Nifty50 above 50-day SMA; possible further growth
New Delhi: Nifty50 closed above its 50-day simple moving average on Thursday and formed a bullish long wick candle on the daily chart. Analysts say that after the breakdown of the 15,900 level, the technical setup of the index looks positive. They believe a break above the 16150-175 range could attract further buying. During the day, the index closed at 16,132.90, up 143.10 points or 0.89% more.…
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