Nifty on Saturday ended 51 points weaker to form a negative candle engulfing the previous session’s bullish candle. On the weekly charts, a bearish engulfing pattern was seen. The short-term trend of Nifty remains choppy. Having faced weakness after a small rise on Saturday signalled a weak bias for the market ahead. At the higher … Read more
Nifty on Thursday ended 110 points lower to form a high wave type candle pattern on the daily chart and slipped below the rising trendline, suggesting a bearish trend reversal. Having declined sharply, there is a possibility of a pullback rally in the short term, which is expected to be a ‘sell on rise’ opportunity. … Read more
NEW DELHI: Nifty on Friday finished 94 points higher but ended the week 0.5% down to break its seven-week winning streak. Momentum readings like the 14-day RSI too remain in decline mode after declining sharply from overbought levels on Wednesday. Nifty would need to cross the recent highs of 21,593 to reverse the current downtrend. … Read more
Nifty on Tuesday ended about 34 points higher to find support just above the 21-EMA on the hourly chart, prompting a strong recovery in the later part of the session. The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21,350 consistently. … Read more
The week that went by saw bulls having an early Christmas party on Dalal Street, as benchmarks Nifty50 and Sensex clocked their best weekly gains since mid-November. The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based … Read more
Nifty on Thursday ended around 36 points to form a small green candle with a long lower shadow on the daily charts while trying to cross the immediate resistance at 20,115 levels on the monthly expiry day. The short-term trend of Nifty continues to be positive. Having moved above the crucial hurdles recently, the market … Read more
Nifty on Tuesday ended 95 points higher to cross above the key hurdle at 19,850 level and form a hammer candlestick pattern on the daily chart. Hence, a sustainable move above 19,900 levels could result in Nifty zooming towards new all-time highs in a quick period. Any dips from here could find support around 19,800-19,750 … Read more
“What we started two years back in fact it has got culminated and then after the OTS the strength of all the investors that has come through including Burmans that happened just lately, that 7.1% or 7.2% that they have increased,” says Rashmi Saluja, Executive Chairperson, Religare.Just wanted to understand that the Burman family now … Read more
Nifty on Monday ended flat, but formed a bullish hammer pattern with a longer lower shadow on the daily chart where it took support at its 50-EMA. As the RSI on the daily chart demonstrated a bearish crossover, with its value dropping below 50, it could be signs of a weakening trend. Now it has … Read more
Indian market is likely to consolidate on Tuesday tracking muted global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed just a shade below 19,600 levels in the previous trading session. India VIX was up by 5.04% from 10.57 to 11.10 levels in the previous session. Volatility moved from lows … Read more