Dalal Street Week Ahead: Nifty not out of the woods yet; any technical rebounds should be chased cautiously

Dalal Street Week Ahead:  Nifty not out of the woods yet; any technical rebounds should be chased cautiously

Over the past five sessions, the Nifty largely consolidated but did so with a bearish undertone. The Nifty traded in a defined range and closed the week with a modest gain.Importantly, the index also stayed below its crucial resistance points. The volatility also expanded; the India VIX surged higher by 8.68% to 15.90 on a … Read more

Tech View: Profit booking likely if Nifty breaches 11,080

Tech View: Profit booking likely if Nifty breaches 11,080

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