Technical View: Nifty forms bearish candle, may test 50-day SMA if selling pressure continues - Moneycontrol.com

Technical View: Nifty forms bearish candle, may test 50-day SMA if selling pressure continues - Moneycontrol.com

Intraday traders should look to short below 11,850 for a target of 11,790, with a stop above intraday high, says Mazhar Mohammad.

The Nifty traded lower throughout the session and closed at one-month low on December 10, dragged down by negative global cues and concerns over fiscal deficit arising out of lower tax collections. The index formed a large bearish candle, which to some exten… [+3016 chars]

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