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Strong momentum will unfold once Nifty surpasses 9540: Sacchitanand Uttekar

Nifty outlook & trading ideas by Sacchitanand Uttekar, AVP - Technical (Equity) at Tradebulls

Sacchitanand Uttekar  |  Mumbai 

Nifty outlook & trading ideas by Sacchitanand Uttekar, AVP - Technical (Equity) at Tradebulls: Nifty Outlook:   Occurrence of a ‘Doji’ candlestick pattern near the upper end of the weekly channel coupled with the RSI regression from the overbought zone warranted towards a pause in momentum & a likely correction.  On the daily scale the theory of 'Resistance becoming Support' has been evident in the past. The ongoing sequence of higher tops & higher bottoms remain intact unless 9,200 holds. The ongoing decline towards 9,360-9,260 zone could find meaning ...

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First Published: Thu, May 25 2017. 08:04 IST
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