Holding on to the support at 10,178 level will be the key, they said.Chart source: Centrum Broking)“The bulls made a strong come back as the Nifty50 formed a solid bull candle from oversold levels. The pullback was on the cards, and hence, this should not be construed as resumption of an uptrend with immediate effect. It formed a sizable bullish candle that signals faster recovery.“We expect this rally to continue in the coming sessions and take the Nifty towards 10,270 and 10,300 levels. On the downside, the index is likely to see support at 10,200-10,180 levels. Hence, any dip in the early hours of next session owing to profit booking shall be considered buying opportunity,” he said.
Source: Economic Times November 16, 2017 11:26 UTC