INSUBCONTINENT EXCLUSIVE:
The index made a strong bullish candle on the daily chart which resembled a bullish Marubozu candle, with virtually no upper or lower wick
Experts believe the decisive breach of short-term moving averages bodes well
a Bullish Marubozu Candle on the daily chart, which implies complete dominance by the bulls
It has been making higher highs from last 11 sessions, implying continuation of the uptrend
As long as it holds above 10,480, the index may extend its gains towards 10,580 and 10,630 levels
10,396, before making a strong rebound
is likely to climb towards 10,580 and 10,610 levels
Derivatives Analyst, Axis Securities
Mazhar Mohammad of Chartviewindia.in, though, warned that as Nifty50 heads higher, the real challenge for the bulls would be in breaking
