Following wild swings on the Budget day, headline index Nifty today formed a long-legged Doji candlestick on the daily chart, which is indicating an indecisive trend. Now, it needs to hold above 17,777 zones, for an up move towards 17,950 then 18,018 zones whereas supports are placed at 17,500 and 17,350 zones, said Chandan of … Read more
Ahead of Finance Minister Nirmala Sitharaman’s Budget presentation and US Fed meeting outcome, Nifty today formed a small-bodied bearish candle with a longer lower shadow on the daily time frame. Chart readers said support-based buying was seen at lower levels but the trend is taking pressure at higher zones. Now, it is likely to remain … Read more
The Indian market is likely to open flat on Monday tracking muted global cues. The S&P BSE Sensex fell more than 800 points while the Nifty50 managed to hold on to 17,600 level on Friday. India VIX moved up by 18.14% from 14.66 to 17.32 levels on Friday. On the options front, the weekly maximum … Read more
Indicating non-directional activity in the market, the headline equity index Nifty today formed a Doji candle on the daily charts on weekly derivative expiry. The index has been making higher lows from the last five sessions. Now, it has to hold above 18,081 zones for an up move towards 18,181 and 18,250 zones whereas supports … Read more
As Nifty failed to end above the 18,000-mark for four days in a row, the headline index formed a Doji candle on the weekly charts. A tug-of-war was visible between bulls and bears throughout the week as wicks of the candle were of equal size on both ends indicating indecision among traders. The index now … Read more
Headline equity index Nifty formed a bearish candle with a longer shadow, indicating support-based buying on weekly F&O expiry day. The index has formed bearish candles for three consecutive days. Now, till it holds below 17,950 zones, weakness could be seen towards 17,777 then 17,700 zones, whereas hurdles are placed at 18,018 and 18,081 zones, … 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
Indian equities might advance on Monday, snapping their three-day losing run, after the US markets rallied on Friday, cheering the lower than-expected jobs data in December and the contraction of the country’s services industry activity during the month. Analysts, however, do not expect a rally to sustain for long as traders will be tempted to … Read more
After making lower highs for the last three sessions, Nifty formed a bearish candle and an Inside Bar on the weekly charts. Now, till it holds below 17,950, weakness could be seen towards 17,777 and 17,650 zones whereas hurdles are placed at 17,950 and 18,081 zones, said Chandan of . Indicators such as RSI and … Read more
NEW DELHI: As Nifty ended below the psychological 18000-mark, the headline equity index on Thursday formed a bearish candle on the daily charts with a long lower shadow, indicating that downside continuation pattern but buying at lower levels. Now, it has to cross and hold above 18018 zones for an up move towards 18123 and … Read more