Nifty makes fresh all-time highs: HDFC Securities says 13900 is near term upside target to be watched
On the daily chart HDFC Securities observes continuous higher highs over the last many sessions and we also see formation of a large number of lower shadows in the candles. This pattern could signal a strength of upside momentum in the market with emergence of buying in small dips. This is a positive indication and one may expect further upside in the short term.
The near term upside target to be watched at 13900 and there is a possibility of one day dip in the market, before reaching an upside trajectory. Immediate support is placed at 13450: Reuters