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Technical View: Nifty forms ‘small bull candle’; upside remains capped

A 'small bullish' candle is formed when the index trades higher throughout the sessions but in a defined range. The length of the candle signifies the range for the day.
Can Nifty50 defend 9K this week after massive selloff at top?

While Nifty50 scaled the 9,000-mark, the euphoria did not last long as the index closed around its opening level and made a ‘Doji Star’ kind of formation on the daily candlestick charts.

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Doji Star

Technical View: Nifty forms ‘small bull candle’; upside remains capped

Can Nifty50 defend 9K this week after massive selloff at top?