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Nifty This Week: Technical Charts And More – Warning Shots Fired
A momentum signal that has been absent at all previous peaks is now visible, writes CK Narayan.
02 Oct 2021, 10:24 AM IST i

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A chart showing change in the value of securities on a trader's computer screen. (Photographer: Chris Ratcliffe/Bloomberg)
We ended the last week’s column on the note that the upward traction should continue. It did but in fits and jerks. We did have new highs punched out, crossing the 18,000 mark on the Nifty and the 60,000 mark on the Sensex too. But those were brief taps to high levels that didn’t last. In fact for the Nifty it was just an opening tap so, it is a theoretical high rather than a traded high. Volatility was a feature of the week. That wa...

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