Technical View: Nifty forms bullish candle, VIX below 20 supports bullish sentiment
The Nifty50 showed smart recovery of 115 points in the last hour of trade to end in the positive territory on June 2, driven by auto, metals, pharma and select banks stocks.
The index formed bullish candle on the daily charts as the closing was higher than opening levels. Experts feel the index needs to surpass 15,660 levels for strong uptrend towards 15,850 levels.
Mazhar Mohammad of Chartviewindia advised traders to remain neutral on index but considering strongly positive advance-decline ratio,…
