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Published on 24/04/2019 4:59:38 PM | Source: HDFC Securities Ltd

Nifty to move towards an all-time high of 11850 levels in the near term - HDFC securities

Posted in Expert Views| #Expert Views #HDFC Securities

 

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Below is the views on Nifty to move towards an all-time high of 11850 levels in the near term.  by Mr. Nagaraj Shetti – Senior Technical & Derivative Analyst, HDFC securities 

 

Nifty to move towards an all-time high of 11850 levels in the near term.

The Nifty witnessed a sharp upside bounce today and closed the day on hefty gains of 150 points. A long bull candle was formed today from near the key lower support at 11550 levels.  

Nifty holding on the said support could open up further upside as per the positive sequence of higher tops and bottoms. As per this pattern one may expect Nifty to move towards an all-time high of 11850 levels in the near term.

 

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