Market technicals

Tech view: Nifty forms bearish candle; market ripe for sell-on-rise opportunity

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Tech view: Nifty forms bearish candle; market ripe for sell-on-rise opportunity

NEW DELHI: NSE Nifty50 index succumbed to selling pressure, forming another bearish candle on the daily charts on Wednesday, deepening the worries of stock market bulls. The index opened at 17,939.35 and hit a high of 18,022.65 before plunging to the day’s low of 17,879.25. Eventually, the index ended the session at 17,898.65, down 100.55 … Read more

Tech View: Nifty to continue consolidating; 18,060 level holds key

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Tech View: Nifty to continue consolidating; 18,060 level holds key

NEW DELHI: Succumbing to inflationary pressure, the Nifty50 on Tuesday formed a lower top formation on intraday charts which analysts said is broadly negative for the index. Nifty opened lower at 18,127.05 and fell down to as low as 17,958.80 before rising to 17,999.20, at which it ended the day. The Nifty, after the recent … Read more