Indian benchmark indices ended Friday in the red witnessing a range-bound trade throughout the day. While the S&P BSE Sensex settled at 82,890.94, down by 72 or 0.09%, the broader Nifty50 closed at 25,356.50, lower by 32.40 or 0.13%. Nifty fizzled out and closed with a minor loss and barring oil & gas, FMCG and … Read more
The Nifty formed a small positive candle with minor upper and lower shadows. Technically, this pattern indicates the formation of Doji-type candle, which is not a classical one. Normally, such a Doji pattern at the hurdle indicates caution for bulls. “The short-term trend of the Nifty seems to have reversed up and the Nifty is … Read more
A reasonable positive candle was formed on Nifty’s daily chart following long bear candles on Friday. Technically, this pattern indicates an emergence of buying interest after a small downward correction. The immediate support of 20-day EMA has been regained at 24,900 after violating below it in the previous session. The short-term trend of Nifty remains … Read more
Indian benchmark indices suffered a sharp decline on Friday, ending the week with a notable drop of over 1%. The downturn was driven by a combination of weak global signals and regulatory challenges. Investor sentiment was further dampened as some chose to lock in profits at record levels in anticipation of upcoming US employment data. … Read more
Nifty ended Wednesday’s trading session 81 points lower to end below the 25,200 mark but formed a bullish Counterattack type candle pattern on the daily charts and signalled a buy-on-dips opportunity in the market. Nifty is currently placed at the crucial cluster support around 25,000 levels (ascending trend line and 10-day EMA). The bullish pattern … Read more
Nifty ended Monday’s session with a gain of 43 points to form a small negative candle with a minor lower shadow on the daily chart. The short-term trend of Nifty is intact. Though Nifty is placed at the hurdles of around 25,350 levels (1.382% Fibonacci extension), still there is no indication of any significant reversal … Read more
Driven by domestic inflows and renewed optimism about a potential Fed rate cut in the September meeting, the market has demonstrated a broad-based recovery and reached new highs. Benchmark indices Nifty and Sensex maintained their momentum, closing at record highs on Friday. This marked Nifty’s best week in two months, extending its winning streak to … Read more
Nifty ended 36 points higher to form a Doji-type candle pattern on the daily chart after hitting a fresh record high. It signalled resistance around 25,100 levels. The underlying trend of the index remains positive. Further consolidation or minor dip from here is likely to create space for a decisive upside breakout of the hurdle … Read more
Nifty ended Tuesday’s session on a flat note and formed a neutral Doji candle on the daily chart, reflecting an uncertain outlook in the near term. To trigger momentum, new highs need to be established soon, which could open the door for further gains. Key levels to watch include 24,975 and the bullish gap around … Read more
Nifty ended Monday’s session with a gain of 187 points and was only about 68 points away from crossing its previous all-time peak of 25,078. On the daily chart, the index formed a long bull candle with a minor upper shadow. Technically, this pattern indicates an attempt of upside breakout of the previous down gap … Read more
