Nifty on Tuesday ended 80 points higher to form a small red candle with a small lower shadow on the daily charts. The short-term trend of Nifty continues to be positive with rangebound action. Nifty is expected to face a patchy road ahead on the upside, as it could encounter multiple resistances like 19,850 (previous … Read more
Nifty on Monday hovered between 19,700 to 19,780, and formed an Inside Body candle to indicate indecisiveness between bulls and bears. The short-term uptrend status of the market remains intact and positive chart patterns like higher tops and bottoms are also valid. Nifty on the weekly chart sustained above the 10-week EMA and a bullish … Read more
Headline index Nifty on Thursday ended 17 points lower to form a small Spinning Top candle on the daily chart. The overall chart pattern indicates buy-on-dips opportunity for the short term. A decisive move above the hurdle of 19,850 levels could open the next round of sharp upside momentum for the market ahead, said Nagaraj … Read more
A trend reversal was witnessed in Nifty on Tuesday which ended about 177 points higher to form a bullish inverted head and shoulder pattern on the daily chart. The positive chart pattern like higher tops and bottoms has started to form and Monday’s swing low of 19,480 levels could now be considered as a new … Read more