Market Strategy - Short Term View :: Edelweiss, link

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• Nifty index closed above its 50 DMA and has made a higher high on the daily chart.
• The Index has formed a bullish candlestick pattern on the weekly chart as it has closed above its previous week’s high of 8364 level.
• Momentum Oscillators have entered the Bullish Zone.
• We expect the index to move towards 8500/8550.
• Due to the above stated reasons we are changing our view from “Neutral” to “Bullish”at the level 8370. Important support on downside is 8280.

LINK

https://www.edelweiss.in/research/Market-Strategy--Short-Term-View/10005385.html