Tech View: Nifty 50 remains in consolidation range; 15,900 a handicap

nifty 50 On Friday, a hammer-like candle was formed on the daily chart. On the weekly scale, it formed a bearish candle with a long lower. Analysts said the index is in a consolidation range, with strong support in the range of 15,500-15,600 and resistance in the range of 15,900-950. A decisive breach on either side could push the market trend further, he added. Nagraj Shetty Securities said the index formed a bearish candlestick with a long lower shadow, which indicates the formation of a ‘Hammer’, even if it is…