The Nifty50 extended gains for second consecutive session and closed the last day of December series on a positive note Thursday, but failed to hold on to 10,800 levels. Sharp rally in global stocks boosted sentiment.
The index formed a bearish candle on the daily charts as it closed lower than its opening high levels.
Experts expect the positive momentum to continue in coming sessions if the Nifty holds its crucial 10,747 levels. The January series will begin on Friday, which could see some consolidation.
The Nifty50 started off the expiry day on a strong note at 10,817.90 and remained in a positive terrain amid consolidation throughout the session. The index touched an intraday high of 10,834.20 and low of 10,764.45, before closing 49.90 points higher at 10,779.80.
Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-closes-higher-on-expiry-day-but-forms-bearish-candle-10747-crucial-for-bulls-3330681.htmlIf you need more information about the Stock Market:
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