Technical Analysis
TECHNICAL RECOMMENDATION
WHAT LIES AHEAD : NEAR-TERM PICTURE
SPOT NIFTY : On Thursday, Nifty recovered almost 100 points from the day’s low. It tested the previous day's high and formed yet another bullish bar by closing near the day’s high. It formed a higher low bar and didn’t give any weaker signal. Meanwhile, Kotak Mahindra Bank and L&T helped the index to recover the morning session losses.