Nifty ended Wednesday session 147.5 points higher and formed a new peak at 23,889 level to form a long bull candle on the daily charts. Three such back to back candles indicate the formation of a ‘3 Advancing Soldiers‘ type pattern which signals upside continuation for the short term. The present upside momentum could find … Read more
There are various ways in which traders try to make money from the market. The strategies the successful traders’ use aligns with their psychology. One theme that opportunistic traders like to follow is the momentum strategy. Here they like to take advantage of a short and sharp rise in the market. Momentum strategies, as the … Read more
India’s economy showed more signs of cooling in May, but the weakness is already beginning to dissipate of late as the nation exits lockdowns imposed to check the pandemic’s spread. A slew of data from services activity to automobile sales pointed to lack of demand last month, which in turn kept the needle on an … Read more