While closing decisively above the key hurdle at 18,150 level on Friday, headline index Nifty formed a long bull candle on the daily chart. On the weekly scale, a bull candle with a long lower shadow was noticed. Analysts now see increasing probability of Nifty hitting record high levels around 18,600 level. Indicators like RSI … Read more
Nifty50 on Friday ended the week above 17,800 for the first time since January. However, the 50-pack index failed to hold on to opening gains and settled the session forming a bearish candle on the daily scale. On the weekly scale, the NSE barometer formed a bullish candle for the second straight week. Though yet … Read more
Nifty50 on Thursday made strong gains and closed near the psychologically important mark of 17,800. After a gap-up start, the index ended up forming a small bullish candle with a long lower wick, suggesting intraday selling was bought into. Analysts said a follow-up buying may help gauge the strength of the upmove. The 50-pack index … Read more
Although the market ended flat on a weekly basis, the past four sessions remained quite volatile. The markets stepped into the week while inheriting a poor global trade setup, wherein the weakness was inflicted by the bearish reactions of the US market to Jerome Powell’s comments at the Jackson Hole symposium. The Fed commented that … Read more
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
NEW DELHI: There was no relief for Nifty50, which fell for the fifth straight session on Thursday. The index formed a bearish candle on the daily scale and continued with its lower high-low formation. Even as the index is in oversold territory, as suggested by the 14-day RSI reading of 27, analysts said the trend … Read more
NEW DELHI: The Nifty50 opened with a bang, but smiles from bulls’ faces vanished as the day progressed. The index formed a strong bearish candle on daily charts. The Nifty, with a gap-up opening, attempted to cross the hurdle of 17,600 on the upside. However, it couldn’t sustain itself in the higher territory. The hourly … Read more
NEW DELHI: The Nifty50 index on Friday saw selling pressure near the lower end of the resistance level of 17,500 and before taking some support near the 17,150 level. The Nifty50 failed to close above the 17,200 level and formed a bearish candle on the daily and an indecisive Doji on the weekly chart. Market … Read more
The mid-day scare proved to be a dampener for the markets that had otherwise staged a remarkable resumption of the up move following two days of really weak trade. The markets opened on a flat note but grew stronger in the morning session and surpassed the 17,300 level. However, uncertainty gripped Nifty once again given … Read more
NEW DELHI: NIfty50 on Thursday took its losing run to a third straight session and, in the process, fell below its 50-day simple moving average (SMA). The index settled below the 17,800 level and formed a bearish candle on the daily scale. The index has continued to form lower high-low pattern and analysts believe a … Read more