NEW DELHI: Nifty50 on Tuesday climbed nearly 2 per cent and formed a bullish candle on the daily chart. The index was stuck in a range of 15,200-15,400 for the last couple of sessions. But Tuesday’s gap up opening helped the index surpass the hurdle and has entered the resistance zone of 15,670-15,700. While analysts … Read more
New Delhi: Nifty50 on Monday snapped a six-day losing streak and formed an indecisive candle on the daily chart. The advance-decline ratio for the broader market remained skewed in favour of the bears, but analysts said certain technical parameters on Nifty50 are hinting at recovery ahead. Certain positive factors cropped up on the lower time … Read more
Nifty50 on Friday fell for the sixth straight day and formed an indecisive Doji candle on the daily chart. On the weekly scale, it formed a long bearish candle. Analysts are unsure whether there could be any recovery from here. The trend remains negative for now, they said. Sameet Chavan of said that the index … Read more
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
New Delhi: Nifty50 on Tuesday formed an ‘Inverted Hammer’ candle on the daily chart, which at many a time is formed around bottoms, as traders remain sceptical about the initial pullback attempts, said analysts. Analysts added that the level of 15,600-700 remains a strong support for the index going ahead. They see resistance at 16,850 … Read more
The Nifty could be headed to 16,800 levels after surpassing a key hurdle of 16,400 last week, said technical and derivatives analysts. The Index gained 1.5% last week to end at 16,584.30. This week, all eyes will be on the RBI monetary policy and US inflation data. Analysts said the Nifty could go as far … Read more
NEW DELHI: Nifty50 on Wednesday fell for the second day and formed a small bearish candle on the daily chart. The index made a lower high formation, but analysts believe the recent positive momentum stays intact as long as the 16,400 level is held on a daily basis. Any weakness should be used to ‘buy … Read more
Technical and derivatives analysts see more scope for a bounceback in the coming week after the Nifty gained over 1% on Friday. The index ended at 16,352.45, ending the week with a gain of 0.5%. Analysts said the current rebound can take the Nifty to 16,650 levels with support placed at 16,000. CHANDAN DERIVATIVE ANALYST, … Read more
NEW DELHI: Nifty50 on Monday formed a bearish candle on the daily chart with an upper wick, suggesting selling at higher levels. During the day, the index tested the 16,400 level. This is the level where the index had faced resistance in the last two weeks, said analysts who believe the index may be in … Read more