Tech view: Nifty faces resistance at 25,250, short-term trend still positive. How to trade tomorrow

Tech view: Nifty faces resistance at 25,250, short-term trend still positive. How to trade tomorrow

A small negative candle was formed on the Nifty daily chart with a long upper shadow. Technically, this market action signals rejection of bulls at the hurdles. Hence, this pattern could mean chances of further softness in the market. The short-term trend of Nifty is still positive, but the display of lack of strength in … Read more

Dalal Street week ahead: Jittery start likely, sectoral rotation possible

Dalal Street week ahead: Jittery start likely, sectoral rotation possible

The market action during the week gone by was largely on the anticipated lines. In our previous weekly note, we had mentioned that the market was firmly placed, but at the same time looked overstretched on the short-term charts. It was also mentioned in that note that in case of any bounce, Nifty will face … Read more