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
Nifty today broke its downward trending channel on the daily chart and formed another bear candle with minor upper and lower shadow. Now, till it remains below 17,250 zones, weakness could continue towards next support of 17,000 then 16,800 levels while on the upside hurdles are seen at 17,250 and 17,350 levels, said Chandan Taparia … Read more
Headline index Nifty today formed a small positive candle on the daily chart at the support of 18,550-18,500 levels but remained range-bound amid F&O weekly expiry. Analysts said positive chart patterns like higher tops and bottoms continued on the daily chart and the overall chart pattern signal positive bias for the short term. Immediate resistance … Read more