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Nifty In Technical Charts: Good Times, Once Again?
With price, time, momentum, volume and sentiment coming together, the odds for disappointment are low, writes CK Narayan.
28 May 2023, 10:57 AM IST
The market lived up to expectations as prices thrust ahead, moving into the target zone yet again. But we have a top finish with pickup in momentum and hence, the chances are that the move shall continue. The Bank Nifty also managed to move past the key level mentioned earlier (40,124), but just fell short of a close above this. The Bank Nifty weekly candle was a bullish one with a lower shadow. So, evidently, the market left it late...
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