Tech view: Nifty50 forms ‘Inside Bar’, needs to confirm breakout

INSUBCONTINENT EXCLUSIVE:
Moving Average (DMA)
However, as Nifty50 registered a decisive breakdown below its 200-DMA with a gap down on Thursday, the said index may remain under pressure
points, or 0.87 per cent, to 10,693
The index swung between a high and low of 10,704.55 and 10,599.35, respectively. Investors are awaiting state elections outcome due December
a fresh breakout above 10,950 levels on closing basis
Post-event if the market fails to sustain above 10,750 on a closing basis, then there will be a bright chance of resuming downtrend with
Market is likely to remain volatile next week because of the elections outcome