Nifty on Wednesday ended with a marginal gain of 20 points to form a Doji type candle on the daily charts. The upside recovery of Wednesday from the immediate supports signals chances of further upside for the Nifty in the short term. There is a higher possibility of Nifty moving again into all-time highs of … Read more
Nifty on Friday ended 135 points higher in uncharted territory above 20,250-zone to form a reasonable positive candle on the daily chart. On the weekly chart, a long bull candle was formed. The short-term trend of Nifty continues to be positive, and one may expect further upside in the coming week. The next upside levels … Read more
Noted market analyst John Piper says one of the difficulties with trading is that the rules change as one progresses in his trading journey. He believes a novice trader must learn to cut losses, and nothing much matters at this stage. But once that rule is ingrained, it is down to running profits. “But if … Read more
Nifty, which has been finding support near its 50-day EMA for the last three consecutive days, on Friday ended 115 points higher and formed a small green candle with a long upper shadow on the daily chart. A sustainable move above 19770 levels could bring bulls back into action. A slide below 19500 is expected … Read more
Indian equities ended Wednesday’s session on a positive note ahead of the US Fed meeting outcome in the later hours. Nifty managed to end above 19,750 levels, up 0.5%, or 98 points. Among the sectoral indices, Nifty PSU Bank, FMCG, and Realty gained the most, while Nifty Consumer Durable and Auto Index ended in the … Read more
ET CONTRIBUTORS It was the third week in a row that the markets extended their gains; the NIFTY had staged a breakout when it crossed above the 18880 levels. This has resulted in the NIFTY closing at yet another lifetime high. This has taken the markets into a mildly overbought zone; however, in the process, … Read more
Most retail traders lose money in timing the market and holding on to losses. Zerodha‘s co-founder Nithin Kamth said this is because traders let their egos get in the way, or they have too much money at stake, which makes them behave irrationally. A user on Trading Q&A, a community platform by Zerodha for all … Read more
Nifty today formed a Doji candle on the daily chart — a small positive candle with minor upper and lower shadow. Now, it has to cross and hold above 18,636-18,676 zones to witness an up move towards 18,777 and 18,888 zones while on the downside support exists at 18,550 and 18,480 zones, said Chandan Taparia … Read more
Nifty today formed a bearish candle on the daily chart with a minor lower shadow. The index has been forming lower highs – lower lows from the last three trading sessions. Now, it has to cross and hold above 17,888 zones, for an up move towards 18,035 then 18,081 zones, whereas supports are placed at … 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