NIFTY Index Chart Analysis
Nifty Gives Occasion To Turn Optimistic
The Nifty registered its third-highest weekly closing in the previous week, and currently it is just another 225 points away from the all-time high and just 62 points away from the all-time high weekly closing. Earlier, the highest weekly closing was at 18,696.10. It formed another bullish candle on a massive move. It took support at 20 DMA twice in the last six days. Nifty gained and lost in alternate weeks for the last six weeks. All the bearish patterns failed to get a confirmation for their implications.