Technical View: Nifty forms small-bodied bullish candle, experts say 13,800 in sight
Traders with a high-risk appetite can go long by making intraday dips, if any, with a stop below 13,600 and look for an initial target of 13,800, Mazhar Mohammad of Chartviewindia.in has said. Sunil Shankar Matkar December 16, 2020 / 05:41 PM IST
The Nifty50 remained in positive terrain and hit a fresh record high on December 16, backed by all sectors but banks as positive global cues lifted sentiment.
The index formed a small-bodied bullish candle with a long lower shadow on the daily scale, indicating that every small decline was being bought by the bulls.
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