Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst at Gemstone Equity Research & Advisory Services
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  • Nifty as per weekly chart has not only surpassed its key moving averages but has also managed to hold above them over the past five trading sessions showing no signs of a major weakness. Over the coming week, since the Nifty has been able to keep its head above the 10,900 levels, it may attempt to move higher incrementally. However, despite this technical setup, we cannot ignore the overstretched nature of the markets and could see increased volatility at higher levels.

    26 July 2020