The Nifty bounced again sharply from the latest low of 15,184 and closed the week by 2.65% at 15,699.3. The Nifty has shaped a bullish candle on the day by day and weekly chart, which indicators constructive momentum to proceed within the close to time period.
The Nifty has offered a constructive pattern line breakout above 15,680 ranges. The Nifty has additionally closed above its 9-day easy transferring common of 15,526.3. The Volatility index India VIX settled at 20.55 ranges and signifies the volatility will stay excessive so long as the VIX trades above 18 ranges.
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