Dalal Street Week Ahead: Nifty seen consolidating further before next directional move

Dalal Street Week Ahead: Nifty seen consolidating further before next directional move

The markets saw a week of mild corrective movement as Nifty traded in a slightly downward-biased consolidation phase and ended the week on a negative note. The index oscillated in a 485-point range, between 26,178.70 and 25,693.25. Despite a supportive backdrop from the Fed with a 0.25% rate cut, and breadth deterioration pausing, the index … Read more

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

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