The index experienced a wide intraday range of 611 points.
Though the Nifty closed with a gain of just 0.37% for the week, Friday's large candle not only completely engulfed the week's trading but also a major part of the fortnight, which lends credence to the up move seen Friday.
Another notable action, of which we had spoken in the last article was that the neckline of the Inverse Head & Shoulders was indeed crossed last fortnight, and the Nifty took support on the neckline twice. The first support was taken on December 5, on the day when the trading range was 563 points. The second occasion was last Friday when the Nifty just bounced back from the neckline.
Denne historien er fra December 16, 2024-utgaven av Financial Express Kochi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 16, 2024-utgaven av Financial Express Kochi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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