Nifty today formed a small red candle with a long upper shadow on the daily charts. Chart readers said this pattern indicates that the market is on a sell on rise mode from near the crucial overhead resistance of 17200 levels.On the daily charts, 17,180-17,210 acted as a stiff resistance, and Nifty was unable to surpass it.“The market could find a range of around 17,200-16,950 levels in the next few sessions. The lower area of 16,950-16,900 is expected to offer support for the market during the present weakness. A decisive move above 17200-17250 levels is likely to bring strength in upside bounce,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Source link
Israel in superior talks with US to purchase JASSM missiles
Israel's Ministry of Protection is in superior talks with the US administration to obtain Joint Air-to-Floor Standoff Missiles (JASSM)...