Tech View: Nifty forms bullish reversal pattern. What traders should do next week
Nifty on Friday ended 151 points higher after four successive days of decline and formed a bullish reversal pattern on the daily chart. The psychological mark of 22,000 holds intermediate support, followed by strong support of the 21,800-21,700 subzone. On the higher end, the 20-DEMA placed at 22,300, followed by a bearish gap of 22,430-22,500, …