Tech View: Nifty may stage minor pullback. What traders should do on Friday
Thu, May 9, 2024 6:50 PM

Tech View: Nifty may stage minor pullback. What traders should do on Friday

A Flip by Riya Sharma
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Nifty ended Thursday expiry weaker by 345 points as the index broke below both the lower boundary of its upward channel and the support of the 50-day exponential moving average (DEMA) around the 22,150 level. The daily chart saw the formation of a long negative candle.Nifty has been in a larger range movement of around 22,800-21,750 levels in the last couple of months.

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