The Nifty50 continued to trade sideways on the backdrop of geopolitical issue coupled with F&O expiry last week. The Nifty saw a major setback in Tuesday’s trade, where index shredded about 100 points following a major drop in volume.
However, it decisively rebounded back from its negative trajectory towards the weekend trading session, where Nifty closed above its psychological barrier seen at 9,950 level.
The major breakthrough for bullish sentiment prevailed as the index managed to trade above its 20-Days EMA on closing basis, indicating a bullish trend going forward.
However, it decisively rebounded back from its negative trajectory towards the weekend trading session, where Nifty closed above its psychological barrier seen at 9,950 level.
The major breakthrough for bullish sentiment prevailed as the index managed to trade above its 20-Days EMA on closing basis, indicating a bullish trend going forward.
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