Nifty50 on Thursday saw selling pressure near 15,900 level, as it eventually closed near its opening levels, forming a Long Legged Doji on the daily chart. Such a candle suggests indecisiveness among traders. Analysts said the index needs to move out of the 15,600-900 range for a directional move. Normally a formation of Doji after … Read more
Nifty50 on Wednesday settled below the 15,800 mark, even as it formed a small bullish candle on the daily chart. Analysts noted that the index has been staging a recovery in the last couple of sessions after seeing gap-down starts, which is positive. Besides, they noted that the selling pressure is getting absorbed near a … Read more
Nifty50 on Tuesday ended marginally higher and formed a small bullish candle on the daily chart. Analysts said a positive close after a gap-down start was positive. They see the index testing the 16,000 level in the coming days. Support for the index stays at 15,700, they said. During the day, the selling pressure was … Read more
Nifty50 on Monday rose for the third straight session but closed below its opening level, thus forming a bearish candle on the daily chart. Analysts said failure to see a follow-up buying post a gap-down start was disappointing. The index needs to hold above the 15,800 level to hold for the momentum to stay strong, … Read more
New Delhi: Taking Nifty bulls on a roller coaster ride, the stock market which was in a confirmed uptrend a few months back, shifted to an uptrend-under-pressure mode and then shifted to a downtrend mode. After hitting a 52-week low at 15,183 last week, Nifty is now back in a rally-attempt phase as bulls bought … Read more
The Nifty50 on Friday saw a gap-up start but could not add much to gains. The index ended up forming a small bullish candle on the daily chart. It ended up forming a ‘Harami’ candle on the weekly chart. The weekly pattern is a bullish reversal pattern and one can assume that Nifty50 will see … Read more
Nifty50 on Thursday formed an indecisive Spinning Top candle on the daily chart. Analysts said the index has entered a consolidation phase which may last a few days until the broader 15,350-15,700 range is taken out decisively. The index appears to be finding some support at 15,380, said Mazhar Mohammad of Chartviewindia.in. This is the … Read more
NEW DELHI: Nifty50 on Tuesday climbed nearly 2 per cent and formed a bullish candle on the daily chart. The index was stuck in a range of 15,200-15,400 for the last couple of sessions. But Tuesday’s gap up opening helped the index surpass the hurdle and has entered the resistance zone of 15,670-15,700. While analysts … Read more
Nifty50 on Friday fell for the sixth straight day and formed an indecisive Doji candle on the daily chart. On the weekly scale, it formed a long bearish candle. Analysts are unsure whether there could be any recovery from here. The trend remains negative for now, they said. Sameet Chavan of said that the index … Read more
NEW DELHI: Nifty50 on Friday closed lower for straight sixth session. The index formed a bearish candle on the daily chart even as it managed to negate its lower high-low formation. On the weekly scale, the index formed a long bearish candle with a long upper wick, suggesting selling pressure at higher levels. The index … Read more