NIFTY 50 is trading near the highs of last 1 year.
Longer to medium Term Trend is Up.
NIFTY 50 Japanese Candlestick Analysis:
NIFTY 50 is trading near the Top of the day's range.
Lower High and Lower Low compared to previous day. But the closing has been positive.
Day's Range: 10261.50 ~ 10309.85
NIFTY 50 opened at 10287.20 compared to previous close of 10283.60
2017-11-20 was NR7 day. NR7 day after a trending move usually implies loss of momentum in trend. Range expansion is likely after NR7 day.
1 candlestick pattern: The candlestick pattern formed is similar to a Doji Candle. Bullish Doji
2 candlestick pattern: The candlestick pattern formed is Bullish Harami indicates loss of momentum
3 candlestick pattern: none
Pivot, Support and Resistance:
*pivot points are calculated based on the closing data of 2017-11-20
NIFTY 50 Volume and Moving Average Analysis:
Day's Range (.)
20 Day Range (.)
50 Day Range (.)
52-Week Range (.)
20-Day SMA: 10,312.4
20-Day average volume: 268,828,050
NIFTY 50 has average daily volume of 268,828,050 compared to today's volume of 151,746,000. It is currently trading Below 20 day simple moving average.
50-Day SMA: 10,140.1
50-Day average volume: 228,326,920
Short Term Trend is Up!!!
It is currently trading about 2% below it's 52-week high.
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