New Delhi: Nifty50 on Tuesday formed an ‘Inverted Hammer’ candle on the daily chart, which at many a time is formed around bottoms, as traders remain sceptical about the initial pullback attempts, said analysts. Analysts added that the level of 15,600-700 remains a strong support for the index going ahead. They see resistance at 16,850 … Read more
It was a tepid session for the Indian equity markets as the Nifty stayed in a capped range before ending the day with a modest decline. The markets had no negative overnight cues to deal with — they opened on a stable note on the expected lines. The index opened on a modestly positive note … Read more
NEW DELHI: The Nifty50 on Wednesday snapped a two-day winning streak and formed a Doji candle on the daily chart, suggesting indecisiveness among traders. Analysts see support for the index at 17,100 while they see resistance at 17,300 level. Gaurav Ratnaparkhi of Sharekhan said the bulls stumbled near the junction of a falling trendline and … Read more
NEW DELHI: Nifty50 on Thursday climbed for the second straight day, breaching the recent swing high of 17,324 and also the resistance of 17,350. The index reclaimed the 17,400 mark on a closing basis and formed a bullish candle on the daily chart. Analysts believe the ongoing recovery can extend to the level of 17,600. … Read more
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
NEW DELHI: Nifty50 broke above its crucial resistance at 15,150 level on Friday and formed a solid bullish candle on the daily chart, negating the formation of lower highs and lows. On the weekly scale, the index formed a Bullish Marabozu pattern. The index has set its sights on the 15,300 level, breaching which it … Read more