buy on dips

Tech View: Nifty forms high wave type candle. What traders should do on Thursday

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Tech View: Nifty forms high wave type candle. What traders should do on Thursday

Nifty on Wednesday ended 17 points lower to form a high wave type candle on the daily chart. The index largely traded sideways and failed to generate any significant directional breakout. The short-term trend of Nifty continues to be up. Further consolidation or minor dip in the market is expected before showing further upmove. A … Read more

investment advice: Nifty targets 22,250, says Rajesh Palviya; advises buy on dips strategy

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investment advice: Nifty targets 22,250, says Rajesh Palviya; advises buy on dips strategy

“The Nifty IT sector has faced downward pressure for the past few days. However, stalwarts like TCS and HCL Tech exhibit resilience on longer-term charts, suggesting potential buying opportunities amid corrections. We remain watchful of Nifty IT’s ability to hold the 100-day moving average; sustaining above it could signal further buying interest,” says Rajesh Palviya … Read more