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
After three days of strong technical pullback, the domestic equity market spent the second day consolidating with an inherently positive bias on Friday. On the last trading day of the week, headline index Nifty opened on a modestly negative note, but soon crawled in the positive territory for a brief moment. As the selling pressure … Read more
In the week before this, the market had shown first signs of fatigue as it had ended on a negative note, with a dark cloud formation on the candles. Over the past five days, the market has not only extended this correction but it went on to even test and violate the immediate important support … Read more