Nifty Needs to Cross 9,650 for New Rally

Charts and ReportGold Silver Reports — The Nifty50 traded in an extremely narrow range on Wednesday . It did end the day higher but could not cross the immediate resistance at 9,650 level.

The index formed an `Inside Bar’ on the daily chart, which suggested that the index traded within a range of high and low of the previous session.

Analysts said the index may keep on consolidating unless any decisive move takes it past the 9,590-9,650.“Larger trends are intact with an upward bias, and one can eventually expect a breakout,“ said Mazhar Mohammad of — Neal Bhai Reports

Nifty Needs to Cross 9,650 for New Rally | Neal Bhai Reports | Gold Silver Reports

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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