Nifty50 on Wednesday settled below its key support of 16,000 and formed a large bearish candle on the daily chart. Analysts said the bears have got an edge over the bulls, and some downside looks likely. The long negative candle on the daily chart overlapped the previous day’s negative candle, said Nagaraj Shetti, Technical Research … Read more
New Delhi: Nifty50 on Monday snapped a three-day losing streak as it formed a bullish candle on the daily chart. Analysts said that the index may continue to remain in the consolidation range with a positive bias, as long as it does not breach the 15,900 level decisively on the upside. They see strong support … Read more
In an interview with ETMarkets, Ratnaparkhi said: “Structurally, the Nifty50 is set to test 17000 on the upside in the coming weeks, and the bullish stance will hold true as long as Nifty trades above 16400.” Edited excerpts: A strong week for markets where bulls pushed the benchmark indices higher by over 2% each. What … Read more
NEW DELHI: The Nifty50 opened with a bang, but smiles from bulls’ faces vanished as the day progressed. The index formed a strong bearish candle on daily charts. The Nifty, with a gap-up opening, attempted to cross the hurdle of 17,600 on the upside. However, it couldn’t sustain itself in the higher territory. The hourly … Read more