Tech View: Nifty may remain sideways till expiry. What traders should do on Tuesday

Tech View: Nifty may remain sideways till expiry. What traders should do on Tuesday

In a range-bound trading session, Nifty ended 24 points higher and formed a small-bodied bearish candle and an Inside Bar on the daily charts but closed with gains of around 25 points. The index faced resistance in zone 19430-19450, where the 20-hour moving average is placed. Now it has to hold above 19300 zones to … Read more

Stocks to buy today: Tata Motors, SBI among top 6 trading ideas for 10 July 2023

Stocks to buy today: Tata Motors, SBI among top 6 trading ideas for 10 July 2023

Indian market is likely to consolidate on Monday tracking mixed global cues. The S&P BSE Sensex fell more than 500 points while the Nifty50 closed below 19400 levels on Friday. India VIX was down by 2.60% from 11.84 to 11.53 levels on Friday. Volatility sunk lower and is hovering near its lower band which may … Read more

Tech View: Nifty breaks higher low pattern of last 7 days. What traders should do next week

Tech View: Nifty breaks higher low pattern of last 7 days. What traders should do next week

While breaking its higher lows formation of the last 7 trading days, Nifty on Friday ended 165.5 points lower to form a long bear candle with a long upper shadow on the daily charts. On the weekly scale, a small bodied bullish candle was seen where the index has been forming higher lows for the … Read more

Tech View: Nifty forms long bull candle on expiry day. What traders should do on Friday

Tech View: Nifty forms long bull candle on expiry day. What traders should do on Friday

After two days of consolidative move, Nifty on Thursday ended 99 points higher to form a long bull candle on the daily chart. The headline index has been making higher lows from the last seven trading sessions. Now, it has to continue to hold above 19450 zones to extend the move towards fresh all-time high … Read more

Stocks to buy today: ICICI Bank, BHEL among top 9 trading ideas for 6 July 2023

Stocks to buy today: ICICI Bank, BHEL among top 9 trading ideas for 6 July 2023

The Indian market is likely to consolidate on Thursday tracking muted global cues. The S&P BSE Sensex and Nifty50 closed mixed on Wednesday. The Nifty50 closed just a shade below 19,400 levels. India VIX was up by 1.56% from 11.70 to 11.88 levels in the previous trading session. Volatility was on the rise and made … Read more

Tech View: Nifty forms Inside Bar candle on daily chart. What traders should do on Thursday expiry

Tech View: Nifty forms Inside Bar candle on daily chart. What traders should do on Thursday expiry

Making higher lows for the last six trading sessions, the headline equity index Nifty on Wednesday ended 9.5 points higher at 19,398.50 to form an Inside Bar candle on the daily chart and hint at consolidation. Now, it has to continue to hold above 19,300 zones to extend the move towards 19,450 and 19500 zones, … Read more

Tech View: Nifty forms Hanging Man candle. What traders should do on Wednesday

Tech View: Nifty forms Hanging Man candle. What traders should do on Wednesday

Headline index Nifty on Tuesday formed a Hanging Man candlestick pattern, which signals short-term reversal if the low of the candle is breached. Now it has to continue to hold above 19,300 zones to extend the move towards 19,450 and 19,500 zones while on the downside support shifts higher at 19,250 and 19,100 zones, said … Read more

Tech View: Nifty showing overbought signs. What traders should do on Tuesday

Tech View: Nifty showing overbought signs. What traders should do on Tuesday

After a perpendicular rally of around 675 points in the last five trading sessions, Nifty on Monday formed another bull candle on the daily charts to end at a record closing high above 19,300 levels. The index has been making higher highs and higher lows from the last four trading sessions now it has to … Read more

Tech View: Nifty target now at 19,500 for next week. What traders should do

Tech View: Nifty target now at 19,500 for next week. What traders should do

Nifty on Friday formed a long bull candle on the daily chart as it closed 217 points higher at a lifetime closing high of 19,189. Chart readers point out that the headline equity index has been forming higher highs on a weekly scale for the last fourteen weeks and supports are gradually shifting higher. Now … Read more

Tech View: Nifty forms long bull candle on record high day. What traders should do on Friday

Tech View: Nifty forms long bull candle on record high day. What traders should do on Friday

By hitting fresh lifetime highs — above the 19,000 level — Nifty on Wednesday formed a long bull candle on the daily chart. The positive chart pattern like higher tops and bottoms is intact and the present up move is in line with the new higher top formation of the sequence. But, the higher top … Read more