Nifty chart analysis

Tech View: Nifty forms small bodied bullish candle. What traders should do on Thursday

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Tech View: Nifty forms small bodied bullish candle. What traders should do on Thursday

NEW DELHI: Headline equity index Nifty today formed a small bodied bullish candle on the daily frame with a longer lower shadow, indicating support-based buying. It has been forming higher highs from the last four sessions. “Now, it has to hold above 18,350 zones, for an up move towards 18,500 then 18,600 zones whereas supports … Read more

Bank Nifty likely to stage breakout if it can keep its head above 42,000 levels

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Bank Nifty likely to stage breakout if it can keep its head above 42,000 levels

ET CONTRIBUTORS In the truncated week that went by, the Nifty traded much on the analyzed lines. Despite staying volatile, it largely remained buoyant while it extended its move on the upside. In the previous week’s technical note, there was a categorical mention of the possibility of the NIFTY Bank Index (Banknifty) playing a catch-up … Read more