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 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
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
Nifty50 has continued to struggle to keep its head above key levels, precisely on the expected lines, as it closed the week on a flat note with a negative bias. The trading in the entire week was shaky, with Nifty50 either opening with either a gap up or with a gap down on almost all … 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
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
NEW DELHI: NSE Nifty50 index succumbed to selling pressure, forming another bearish candle on the daily charts on Wednesday, deepening the worries of stock market bulls. The index opened at 17,939.35 and hit a high of 18,022.65 before plunging to the day’s low of 17,879.25. Eventually, the index ended the session at 17,898.65, down 100.55 … Read more
NEW DELHI: Succumbing to inflationary pressure, the Nifty50 on Tuesday formed a lower top formation on intraday charts which analysts said is broadly negative for the index. Nifty opened lower at 18,127.05 and fell down to as low as 17,958.80 before rising to 17,999.20, at which it ended the day. The Nifty, after the recent … 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