Summary:

• In the week gone by Index was down by near to 1% but had a significant recovery from the low.
• The index reacted from the 16750 level which is role reversal and long-term moving average support.
• As a presence of the buyer’s sign, Index formed a bullish engulfing pattern on the daily Chart.
• In the short term, the index can be considered on a positive note as far as it sustains above the 16950 level.
• Moving above the 17170 level will be a bullish continuation sign-up to the 17450 to 17500 level.
• It is an important resistance level. From a sector perspective, Auto and Financial stocks can find traction back.

Discord
https://discord.gg/mtYPnWrWVw
Telegram
https://t.me/joinchat/96ABOeDO5fw4YTJl
Instagram
https://www.instagram.com/finlearnacademy/
Twitter
Tweets by FinLearnAcademy

Please Note: This video is an initiative by FinLearn Academy for education purposes only.