A small positive candle on the daily chart with a minor upper shadow indicates a breather action for the Nifty after a sharp surge. The near-term uptrend status of Nifty remains intact. One may expect further range-bound action or a minor dip in the next 1-2 sessions. Immediate resistance is to be watched around 26250 … Read more
A small-bodied candle was formed on Nifty daily chart, hinting at a sense of indecision. On the level-specific front, the 26,000 mark withholds the formidable barrier to the ongoing momentum, and a decisive breakthrough could only trigger the next leg of the rally towards 26,200, marking a sustained uptrend. On the lower end, 25,900-25,800 is … Read more
The shares of Western Carriers listed at the bourses on Tuesday with a discount of 1.16%. The stock listed at Rs 170 on BSE as against an issue price of Rs 172. Meanwhile, on the NSE, the stock listed at Rs 171, down Rs 1 or 0.6%. The IPO received a healthy response from investors … Read more
The Nifty formed a bull candle on the daily chart as the market continued its upside journey on Monday and closed the day higher by 148 points. After opening with an upside gap of 80 points, the market continued to surge up amidst range movement for the better part of the session. New all-time high … Read more
The Nifty formed a long bull candle, which indicates a decisive upside breakout of the range movement witnessed in the last 4-5 sessions. The Nifty has broken above the range as well as the trend line resistance around 25,500 levels. A long bull candle was formed on the daily chart. The short-term trend of Nifty … Read more
After showing a narrow range movement in the last four sessions, Nifty made a failed attempt at a decisive upside breakout of the range on Thursday and closed the day with minor gains of 38 points, after opening with an upside gap of 110 points and registering a new all-time high of 25,611. A small … Read more
The Nifty formed a Doji candle on the daily chart near its all-time high, which may be signaling short-term hesitation ahead of the US Fed meeting due later this week with the Street expectations that it might start with an outsized rate cut. Nifty formed a small sideways Doji candle resulting in three days of … Read more
The Nifty formed a small negative candle on the daily chart as consolidation movement continued in the market for the second consecutive session on Monday. The index closed the day with minor gains of 27 points. The Nifty50 index touched the 25,446 mark before closing at 25,384, up by 28 points or 0.11%. Meanwhile, the … Read more
Shares of Campus Activewear have surged 24% over the last 5 trading sessions, reaching a new all-time high of Rs 345.10 on the BSE today amid heavy trading volumes. As of 10 a.m. today, 86.5 lakh shares worth Rs 292.64 crore were traded on the NSE, and the stock currently has a market capitalization of … Read more
The Nifty formed a bullish engulfing candle as the bulls took charge towards the end of the day and lifted the indices to a new high, mirroring global trend. The rate-cut optimism has provided a positive impetus to the global market. “A long bull candle was formed on the daily chart which has broken above … Read more
