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Nifty This Week: Technical Charts And More – Look At Range Or Trend, That Is The Dilemma
Time to be somewhat watchful about the market proceedings and expect some heightened volatility, writes CK Narayan.
13 Nov 2021, 04:08 PM IST
After the good showing in the truncated Muhurat week, there was some expectation that the market may continue higher. It was almost not the case but the sharp rally towards the latter part of Friday seems to have restored some faith that the bulls still have it in them to wrestle the control back. The swinging trend of the week was restored, as the chart below shows, and the final rally managed to improve the weekly candle too.
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