Nifty Likely To Face Resistance At 50-DMA; 3 Stocks Which Can Give Up To 10% Return

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Climbing back the hill is not going to be an easy task as there are multiple hurdles that await the Nifty, first is the 50 days moving average (DMA) of 10,190 and 21-DMA of 10,250.

Just when we thought that market is all set for another down day, indices staged a smart come back on Thursday.

After opening with a positive gap, Nifty never turned back as it gained momentum throughout the day thanks to a strong bout of buying witnessed in the metals, auto and realty stocks.

The Nifty did miss out a chance of trend reversal after forming a 'Doji' pattern on December 5, 2017. However, the index finally staged a solid recovery and has recouped over 100 points in a single session.

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