Nifty This Week: Technical Charts And More – Why These Bulls Don’t Scare Easy

Bloomberg Quint | Jun 26, 2021 at 4:20 PM
  • Matters didn’t look too rosy as we finished the trading week ending June 18.
  • In the meanwhile, the rollover for June was pushed through where it was evident that some Nifty longs were pared while shorts in Bank Nifty were carried over.
  • In particular, notice that the daily and weekly scores are 0 for both indices meaning that the longer trends are strong and it is only in the short term (intraday or a few days) that the bears get a chance now and then.