“We have seen a profit booking decline in last four-five trading session and supports are slightly shifting lower. However, we are at 23-24 VIX, so wild swing of 200-300 points intraday cannot be ruled out,” says Chandan Taparia, Motilal Oswal.What is the positioning right now? From last hour of trade yesterday, which saw panic, we … Read more
NEW DELHI: Nifty50 broke above its crucial resistance at 15,150 level on Friday and formed a solid bullish candle on the daily chart, negating the formation of lower highs and lows. On the weekly scale, the index formed a Bullish Marabozu pattern. The index has set its sights on the 15,300 level, breaching which it … Read more
By Chandan Taparia Nifty opened positive on Monday, but failed to hold above the 11,700 mark in morning tick, and remained highly volatile. In the first hour of the session, Nifty took support near the 11,550 mark, the 50 DMA, and then witnessed a decent recovery towards the 11,725 mark in the later part of … Read more