Tech View: Nifty forms Inside Bar candle; choppy sessions ahead
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Chandan Taparia of Motilal Oswal Securities said the index formed a high low with support at 14,500 level, but mostly traded inside a trading range.
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Gaurav Ratnaparkhi of Sharekhan said Nifty is attempting to cross the key hourly moving averages, which have been acting as hurdles in the last two-three sessions.
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NEW DELHI: Nifty50 on Wednesday formed an Inside Bar pattern and also what looked like a Harami Cross on the daily candle, indicating a tug of war between the bulls and the bears. Analysts see choppy trades ahead.