S&P CNX NIFTY INDEX FUTURESFormación
Reason Behind Nifty Future Touching 16,546 Explained + Examples!
Today, NIFTY1! technically hit an ATH of 16,546.50, nearly 5% more than the opening price. Why did this happen? What's the reason? And how do buyers and sellers work?
Basically, buying increases prices. As long as buying is strong, prices will increase. As soon as sellers start taking control from buyers, price will first slow down then stop going up and then come down.
That's, in essence, what we saw today.
NIFTY1! technically hit an ATH of 16,546.50, nearly 5% more than the opening price. Why did this happen? What's the reason? And how do buyers and sellers work?Basically, buying increases prices. As long as buying is strong, prices will increase. As soon as sellers start taking control from buyers, price will first slow down then stop going up and then come down.
That's, in essence, what we saw today.
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