Markets witnessed a gap up opening in the wake of positive global cues and traded in a narrow range to close
in the positive territory. On the daily chart, we are witnessing a bullish Harami candlestick pattern which implies
that the preceeding down move is losing steam. Hence, in coming trading session if indices trade convincingly
above 16740 / 5000 levels then it is likely to test 16870 – 16960 / 5040 -5070 levels. On the downside, 15578/
4940 remain key support levels for the day
No comments:
Post a Comment