EW DELHI: Nifty50 on Friday gained for the fifth straight session, but formed a ‘Hanging Man’ candle on both daily and weekly charts. Analysts said a minor dip cannot be ruled out in the coming days.
Here’s how analysts read the market pulse:-
Mazhar Mohammad of Chartviewindia.in said formations such as Hanging Man are usually visible around short-term turning points. “In case the 16,565 level is breached on a closing basis, a retest of the recent low of 16,376 ca ..