September seasonality leans bearish, with the Nifty closing lower in 6 of the last 10 years, largely driven by foreign capital outflows as FIIs turned net sellers on as many occasions. The 50-stock index settled lower in 2015, 2016, 2017, 2018, 2020, and 2022. The sharpest fall of 6.4% was recorded in 2018, followed by … Read more
The NSE Nifty 50 index, after falling for four straight days, saw a positive close on Thursday. The index in process formed a bullish engulfing candle on daily charts, which suggests bullishness. The Nifty50 opened on a negative note at 16,263.85 and slid to as low as 16,243.85. However, during the day, buying emerged at … Read more
After a volatile session, largely affected by rate hike and RBI commentary, the Nifty50 ended with a cut and formed a bearish candle on daily charts on Wednesday. The index opened on a positive note at 16,474.95 but slid to as low as the 16,293.35 level. However, during the day, buying emerged at lows to … 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: Nifty50 on Thursday climbed for the second straight day, breaching the recent swing high of 17,324 and also the resistance of 17,350. The index reclaimed the 17,400 mark on a closing basis and formed a bullish candle on the daily chart. Analysts believe the ongoing recovery can extend to the level of 17,600. … Read more