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 Monday snapped a six-day losing streak and formed an indecisive candle on the daily chart. The advance-decline ratio for the broader market remained skewed in favour of the bears, but analysts said certain technical parameters on Nifty50 are hinting at recovery ahead. Certain positive factors cropped up on the lower time … 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
It was the second day of consolidation by the Indian equity markets as the Nifty moved in a defined range before ending the day with a modest loss. The markets opened on a positive note and spent the morning session without any directional bias. It was the afternoon trade that saw the markets giving up … Read more
After three days of strong gains, Tuesday saw the markets consolidate with positive bias as they ended the day with a modest cut. The markets saw a bit weaker-than-expected start to the day. However, after opening on a negative note, the Nifty recovered from the opening lows and by afternoon, it recouped all its opening … Read more
Very much on the anticipated lines, the Nifty made a strong breakout from the broad 15,700-16,400 trading range that it had formed over the past couple of weeks. In the previous technical note, it was mentioned that if the Nifty is able to move past and sustain above 16,400, it may see a strong move … Read more
It was a tepid session for the Indian equity markets as the Nifty stayed in a capped range before ending the day with a modest decline. The markets had no negative overnight cues to deal with — they opened on a stable note on the expected lines. The index opened on a modestly positive note … Read more
NEW DELHI: The Nifty50 on Friday saw a gap-down start but avoided further fall to eventually end up making an indecisive Doji candle on the daily chart. The index has been trading below its key moving averages now. Analysts said that while a small bounce can’t be ruled out, the ongoing pain in the market … Read more