The Nifty remained volatile during the day before closing with a meaningful gain after several days. On the downside, it sustained above the previous day’s low, indicating strength in buying. Nifty formed a high wave type candle on October 28 after a fall hinting at the start of an upward correction. Nifty could now rise … Read more
A long bear candle was formed on Nifty’s daily chart, which indicates a continuation of steep downside momentum. The positive chart pattern like higher tops and bottoms on the daily chart seems to have been negated by Nifty moving below the last higher bottom of 24,753 levels in today’s session. The underlying trend of Nifty … Read more
NEW DELHI: Dancing to the wild tunes of the international markets, Sensex rallied over 1,276 points on Tuesday in a roller-coaster ride after Monday’s 638-point crash and left Dalal Street investors wondering whether the upside was more than a case of dead cat bounce. After strong September sales data reported by passenger vehicle manufacturers, banks … Read more