Nifty prediction: RSI still hints at weak momentum | Resistance, support, LG Electronics India stock to watch
New Delhi, Oct. 5 -- The Nifty witnessed a volatile trading session on Monday, moving within a 224.70-point range before ending in positive territory above the 22,550 mark.
The index opened on a firm note and climbed to an intraday high of 22,621.80 during the first hour of trade. However, selling pressure emerged at higher levels, forcing the index to give up most of its early gains and slip below 22,400.
Buying interest returned in the second half of the session, helping the Nifty recover more than 150 points from the day's lows. The index eventually closed above 22,550, indicating some buying support after the recent decline.
Monday's price action formed a small bullish-bodied candle with long upper and lower shadows, resembling a h...
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