Markets witnessed a volatile trading session with Nifty recovering its opening losses in the last one hour of trade. Nifty remained resilient, witnessing an identical recovery in the latter half of the session for the second day in a row.
Tracking the technical, Nifty has formed a spinning top candlestick pattern on the weekly chart, hinting a formation of immediate resistance at 10,900 levels. On the downside, the 10DEMA is placed around 10,650 mark, indicating an immediate support for the index.
Bank Nifty ended the week on a flat note, closing 0.1% lower. Tracking the technical, the index traded sideways for the third week in a row and has formed a bearish Dark cloud cover and Gravestone Doji candlestick pattern on the weekly chart, hinting a formation of immediate resistance at 27,000 levels.
Tracking the technical, Nifty has formed a spinning top candlestick pattern on the weekly chart, hinting a formation of immediate resistance at 10,900 levels. On the downside, the 10DEMA is placed around 10,650 mark, indicating an immediate support for the index.
Bank Nifty ended the week on a flat note, closing 0.1% lower. Tracking the technical, the index traded sideways for the third week in a row and has formed a bearish Dark cloud cover and Gravestone Doji candlestick pattern on the weekly chart, hinting a formation of immediate resistance at 27,000 levels.
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