buy on dips strategy

Tech view: Nifty shows strength; 23,000 support key for buy-on-dips. How to trade tomorrow

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Tech view: Nifty shows strength; 23,000 support key for buy-on-dips. How to trade tomorrow

The domestic benchmark index, Nifty, opened flat, maintained buying interest, and settled the day on a positive note at 23,250. The volatility index, India VIX, dropped by 6.70% to 17.39, indicating a cool-off in market volatility. Technically, Nifty formed a green candle on the daily chart, indicating strength, with immediate resistance near 23,340, where the … Read more

Tech View: Nifty shows small body candle formation. How should one trade on Tuesday?

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Tech View: Nifty shows small body candle formation. How should one trade on Tuesday?

Indian benchmark indices ended in red for the second session in a row dragged by FMCG and auto stocks. While the S&P BSE Sensex settled at 81,508.46, down by 200.66 or 0.25%, the broader Nifty50 closed at 24,619, lower by 58.80 or 0.24%. Commenting on the day’s action, Dr. Praveen Dwarakanath, Vice President of Hedged.in, … Read more