Nifty50 on Thursday made an upside breakout, as the index closed above 16,900, breaching a slew of strong resistance hurdles. The index made a gap-up start and still ended up forming a strong bullish candle on the daily scale. Analysts said the support has shifted higher and that the index may now set eye on the 200-day simple moving average, whose value is placed just above the 17,000 level.from Stocks-Markets-Economic Times https://ift.tt/GQdMwOK
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