Tech View: Nifty bulls are back, all eyes on 200-day SMA
“Nifty50 witnessed an upside breakout of the crucial overhead resistance of 16,800 level, which was resistance as per the concept of change in polarity. Previously, the area of 16,800 saw a strong reversal on either side. Unfilled opening gaps and the positive chart formation like higher top-bottom are all indicating more upside,” said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.
