Nifty

Weekly chart-- a Hammer has been formed which may indicate reversal. On the daily chart today a big bullish candle has been formed. Defeat of BJP has been ignored by the marketmen, it seems. Nifty has halted at 50 DMA. If tomorrow price moves above 50 DMA, Nifty will face resistance at 200 DMA.
Chart PatternsTechnical IndicatorsTrend Analysis

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