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Tech View: Nifty forms Hammer on weekly scale, lacks follow-up buying SECTIONS Share Synopsis Chandan Taparia of Motilal Oswal Securities said a ‘Hammer’ on weekly scale is indicating that declines are being bought into, but followup buying was missing at higher levels. Shutterstock.com Mazhar Mohammad of Chartviewindia.in said Friday s selling occurred from an intraday high of 14,697 after the index retraced 62 per cent of its last leg of fall from the highs of 14,984-248 levels. Related NSE Explore Now NEW DELHI: Nifty50 on Friday formed an indecisive Doji candle on the daily chart. On the weekly scale, the index formed a Hammer candle. Analysts said the 14,700 level may pose strong resistance for Nifty50 in the coming days. A fall below 14,250 level on the index can trigger a strong correction, they said.

Mazhar mohammadChandan tapariaMotilal oswal securitiesHammer candleNifty 50Post marketLkp securitiesNifty analysisமழற் முகமதுசந்தன் தபரியாமோட்டிலால் ஒசுவள் பத்திரங்கள்போஸ்ட் சந்தைல்க்ப் பத்திரங்கள்நிஃப்டி பகுப்பாய்வு