Tech View: Nifty ends above 20-DMA for 3rd day. What traders should do?
Thu, Feb 15, 2024 6:17 PM

Tech View: Nifty ends above 20-DMA for 3rd day. What traders should do?

A Flip by Avya Verma
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Nifty ended the day with a Doji candlestick, signaling possible continuation of the upward trend. It is currently facing resistance at 21,900-21,950 levels and breaking above could lead to new highs at 22,150 levels. Immediate support is at 21,800. Analysts suggest buying at minor dips and targeting 22,100-22,130 levels on the upside. Nifty has experienced a consolidation breakout.

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