Nifty trading strategy

Tech View: Nifty’s near-term trend weak; breakout above 23,350 may trigger upside bounce. How to trade on Thursday

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Tech View: Nifty’s near-term trend weak; breakout above 23,350 may trigger upside bounce. How to trade on Thursday

A small red candle was formed on the daily chart of Nifty on Wednesday, with minor upper and lower shadows. This market action usually signals a choppy movement in the market with a positive bias. The negative chart pattern like lower tops and bottoms is intact and the present pullback could be in line with … Read more

Tech View: Nifty shows small body candle formation. How should one trade on Tuesday?

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Tech View: Nifty shows small body candle formation. How should one trade on Tuesday?

Indian benchmark indices ended in red for the second session in a row dragged by FMCG and auto stocks. While the S&P BSE Sensex settled at 81,508.46, down by 200.66 or 0.25%, the broader Nifty50 closed at 24,619, lower by 58.80 or 0.24%. Commenting on the day’s action, Dr. Praveen Dwarakanath, Vice President of Hedged.in, … Read more