Nifty Took Down 200-SMA, but a "Hanging Man" Showed Up on the Charts

Nifty50 skyrocket on Friday topped the 10,900 zones with a formation of a bullish trend on the daily chart. The index recorded buying at lower levels as pointed by the “Hammer” formation in the previous trading session. Friday’s session boosted up some confidence among the traders by taking out 200-DMA resistance.Continue reading ➞ Nifty Took…