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Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry

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Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry

Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart. Support for Nifty is now seen at 22,675-700 and 22,500 levels. On the higher side, the immediate resistance zone is at 22,825-850 levels and the next psychological resistance is at … Read more

Trade Setup: Short-covering led rally likely if Nifty holds 17,000 level

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Trade Setup: Short-covering led rally likely if Nifty holds 17,000 level

The mid-day scare proved to be a dampener for the markets that had otherwise staged a remarkable resumption of the up move following two days of really weak trade. The markets opened on a flat note but grew stronger in the morning session and surpassed the 17,300 level. However, uncertainty gripped Nifty once again given … Read more