Tech View: Nifty forms Inside Bar candle on weekly expiry. What Nifty traders should do on Friday

Nifty on Thursday ended 141 points higher to form an Inside Bar candle on the daily chart. The index’s swift recovery following two bearish days indicates continued dominance by bulls in the market. The present sentiment suggests a promising trajectory towards 21,800-21,850 for the Nifty, analysts said.

The hourly momentum indicator has triggered a positive crossover, which is a buy signal.