Nifty50 fell for the fifth straight day on Thursday and formed a long bearish candle on the daily chart that engulfed the previous session’s candle. During the day, the 50-pack index could not hold its key support levels as it entered the oversold territory, as suggested by the 14-day relative strength index. While the trend … Read more
There are various ways in which traders try to make money from the market. The strategies the successful traders’ use aligns with their psychology. One theme that opportunistic traders like to follow is the momentum strategy. Here they like to take advantage of a short and sharp rise in the market. Momentum strategies, as the … Read more
Bitcoin’s plummet has pushed it through just about every recent technical support level, forcing traders to now consider $30,000 as the next line in the sand. The world’s largest digital asset is mired in its sixth straight day of declines, with the token down roughly 20% over the past seven days. It’s now 50% below … Read more
Amid concerns over a new version of the virus, the markets traded much along the expected lines. Nifty saw a shaky start to the day. However, after slipping below the 16,800-mark in the first hour of the trade, what followed was a remarkable recovery from the low point by the index. It moved higher by … Read more
In a strong short covering-led pullback, the Indian equity markets had a very resilient day, and it grossly outperformed the weak global trade setup. The Nifty saw a gap down opening following weak global cues. Even though the market opened lower, the levels formed the intraday low for the markets. After opening levels led to … Read more
While trading in a narrower range, Nifty continued its bounce and ended on a positive note for the fourth consecutive week. The index went on to mark its incremental fresh lifetime high, as it continued to trend higher on reduced and decelerating momentum. The trading range remained narrow of 268 points against 359 points in … Read more
Nifty’s trading range remained wider than usual during the week gone by, but it took a serious cut on Friday’s session. Despite that, the index managed to close the week on a positive note. In the previous weekly note, we had mentioned that Nifty was trading inside the Falling Channel that it had created, and … Read more
By Amena Saad One of the most alluring aspects of Bitcoin to traders and speculators is back: Volatility. Price swings by the largest cryptocurrency have reached the highest level in about a year in the past few weeks as the digital asset trades around $12,000. Bitcoin crashed almost $500 in a matter of minutes this … Read more
NEW DELHI: Nifty50 shed 100 points on Thursday to settle July futures & options series at 11,102. The index has been seeing selling pressure at higher levels for a few days now. Analysts said the formation of a bearish candle on the daily scale in follow-up to an indecisive Spinning Top candle in the previous … Read more
In a yet another buoyant session, Nifty on Thursday had a trending day as weekly options expired, as went on the end the session with gains. The market saw a positive start and traded in a rising trajectory throughout the session. After a sharp up-move in the first half, the market spent a major part … Read more