22/2/2024, 6:19:03 pm

Tech View: How to read Nifty price, momentum indicators for Friday?

Nifty on Thursday ended 162 points higher to form a long bull candle with a long lower shadow on the daily charts as the short-term trend of Nifty turned up sharply after a small decline. Having breached the recent highs of 22,249, the Nifty is expected to move towards the next upside target of 22,500-22,600 levels in a week. Immediate support is at 22,050, said Nagaraj Shetti of HDFC Securities.