 "Markets")
Support for the Nifty shifted up to 11,783
Nifty recouped all the losses witnessed on the Budget day and closed on a strong wicket. The recovery from lower levels has resulted in to bullish “Morning Star” candlestick pattern on the daily charts. However, the range of 12,000-12,050 is a strong resistance zone for the Nifty, which should be taken out on a closing basis to negate the bearish trend. Nifty Support is now shifted upward to 11,783, the low registered on 4th Feb 2020.
BUY NAM-INDIA (359.5): | Target Rs. 399 | Stop-loss Rs 345
Symmetrical Triangle breakout on the daily charts
