Tech View: Nifty50 forms indecisive candle but further upside possible

Tech View: Nifty50 forms indecisive candle but further upside possible

Nifty50 on Friday rose for the third straight session but formed a bearish candle on the daily chart that resembled a Hanging Man. The 50-pack index managed to close above the 16,200 level. Analysts said the momentum stays positive as long as the index stays above the 16,170 mark. Mazhar Mohammad of Chartviewindia.in said despite … Read more

Dalal Street Week Ahead: Nifty looks set for technical pullback in truncated week

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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