Nifty In Technical Charts: Having reached the 25,800 resistance, the bulls need to hold this fort.(Image: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed
Well, finally the market seems to have got the much awaited push higher, hauling itself past the 25,500 levels that was confining it so far. I ended the last week letter stating that “ market is in with a chance to push higher if it can get more positive inputs”- even if I was guarded about the possibility.
But, the market clearly found its solace somewhere. I wouldn’t name a particular item that did but it seems to have picked up some collective cues and pushed higher. No matter. We all got what we wanted - a push to higher levels. At the end of week, we have almost made it to the June 30 high. Chart 1 shows