Nifty
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"A Doji pattern followed by a recovery candle on the daily chart indicates the possibility of a bullish reversal. On the higher end, immediate resistance is placed at 17,250, where the bears might try to return to the market," Rupak De, Senior Technical Analyst at LKP Securities said.
However, if bulls take the Nifty above 17,250, the index may move towards 17,500–17,600, whereas on the lower end, support remains intact at 16,950, he said.
However, if bulls take the Nifty above 17,250, the index may move towards 17,500–17,600, whereas on the lower end, support remains intact at 16,950, he said.
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