The Nifty50 climbed 1.5 percent on Thursday and 3.3 percent for the week, forming a bullish candle on the daily as well as weekly charts. Interestingly, the index is also trading above 20 DMA, 50 DMA, 100 DMA, and 200 DMA on daily as well as weekly time frame which is a clear sign that prices are in complete control of bulls.
Unless there is any threat from world markets, we may continue to be in the sideways. The recovery in Global Markets may bring markets into trending again.
Read carefully the charts presented below.
For complete market analysis and daily trading recommendations Cash, Futures, Options, and Commodities, do subscribe here: https://streetgains.in/Subscribe/
Santhosh Kumar V