Nifty ended Friday’s session higher by 469 points to form a long bull candle on the daily chart at 23,290 points. The short-term trend of Nifty continues to be positive as the index ended near the all-time high. Having reached the overhead resistance of around 23,300-23,400 levels, there is a possibility of minor dip in … Read more
Pointing at more pain in the offing, Nifty on Tuesday formed a bearish engulfing pattern on the daily chart. Analysts pointed out that the index has been hovering within the bands of 17,750 and 18,250, and a decisive breakout on either side may trigger a strong directional move. Fear gauge index India VIX was up … Read more
After making higher lows for the last three trading sessions, Nifty on Tuesday formed a bullish candle on the daily charts. Now, it has to continue to hold above 18181 zones, for an up move towards 18350 and then, 18442 levels whereas supports are placed at 18150 and 18081 levels, said Chandan of . India … Read more
After making lower lows for the last six trading days, the headline equity index Nifty today formed a long negative candle on the daily chart and indicated that the downward trend might continue amid capped movement. Chart readers observed overlapping candles over the last few sessions which reflects the market’s inability to sustain the gains. … Read more