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Casos de coronavírus na Paraíba em 3 de janeiro
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Casos de coronavírus na Paraíba em 2 de janeiro
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Technical View: Nifty forms bullish candle on weekly chart, needs to hold 14K next week
Traders should remain neutral on the long side of the index, whereas intraday traders can consider shorting below 13,990 for a modest target of around 13,880 levels. Sunil Shankar Matkar January 01, 2021 / 05:04 PM IST
The new year saw the Nifty50 scaling a new peak as it closed above the psychologically important 14,000-mark on January 1, led by select auto, FMCG, IT and pharma stocks.
The index formed a small bullish candle that resemblef a Doji pattern on the daily charts, as the closing was near its opening levels. For the week, the index gained 2 percent and formed a bullish candle on the weekly scale.
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Nifty opened positive on Friday and remained consolidative in a 50-point range, but showed strength to hold above the 14,000 mark. The index started the new F&O series and the new decade on a positive note, as it moved up steadily throughout the session to scale a new record lifetime high of 14,049.
Nifty continued its winning streak and formed higher lows for seven sessions. Now, it has to hold above 13,850 level to witness a fresh rally towards 14,200 and then 14,500 marks, while major support on the downside exists at 13,777 and 13,700 levels.
India VIX fell 7.30% from 21.09 to 19.56 levels. A cool-off in volatility below 20 level supports the bullish market setup and fuels the bulls with a higher market base.
Casos de coronavírus na Paraíba em 31 de dezembro
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