scorecardresearchTechnical View: Nifty closed above 20-day simple moving average; next hurdle at 17,000

Technical View: Nifty closed above 20-day simple moving average; next hurdle at 17,000

Updated: 14 Mar 2022, 05:05 PM IST
TL;DR.
Nifty opened almost flat but built on gains gradually and closed with a healthy gain of 241 points or 1.45 percent at 16,871.30.
After a long time, the Nifty succeed to close above 20- day simple moving average (SMA). It has formed a bullish candle on the daily chart.

After a long time, the Nifty succeed to close above 20- day simple moving average (SMA). It has formed a bullish candle on the daily chart.