Immediate support

Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday

by
Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday

Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry. The near-term uptrend status of the market remains intact. But the market seems to have started signs of … Read more

Nifty: Data hints at bullish setup, Nifty headed for 23,560 & 23,890: Experts

by
Nifty: Data hints at bullish setup, Nifty headed for 23,560 & 23,890: Experts

Most technical charts and options data hint at a bullish setup. According to technical analysts, Nifty is expected to continueits upward trajectory towards 23,560, followed by 23,890, with immediate support at 23,000. Analysts suggest Tata Motors,UltraTech Cement, Sun Pharma, McDowell, UBL, ITC, Marico, HUL, Tata Consumer, and Lupin for short-term trading. SHILPA ROUT, AVP – … Read more