Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak, ending 42 points higher at 22,531. The 50-DMA is placed at around the 22,400 level, and a slip below this level could shift the test to the 22,300-22,260 zone. However, crossing 22,660 could resume the bullish trend, Om Mehra … Read more
Nifty on Friday ended near the flatline after climbing the 23,000-mark for the first time in history. The index formed a Doji candle during the day after Thursday’s big bull candle. On the daily chart, Nifty continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 67.5 … Read more
Indicating non-directional activity in the market, the headline equity index Nifty today formed a Doji candle on the daily charts on weekly derivative expiry. The index has been making higher lows from the last five sessions. Now, it has to hold above 18,081 zones for an up move towards 18,181 and 18,250 zones whereas supports … Read more
Amid concerns over a new version of the virus, the markets traded much along the expected lines. Nifty saw a shaky start to the day. However, after slipping below the 16,800-mark in the first hour of the trade, what followed was a remarkable recovery from the low point by the index. It moved higher by … Read more