Nifty ended Thursday’s weekly expiry 41 points higher and formed a higher high-higher low formation for the fifth consecutive session. The daily charts saw the formation of a bearish candle as the index closed lower than its opening level. Now, Nifty has to continue to hold above the 24,700 zone to extend the move towards … Read more
Nifty ended Wednesday’s session 71 points stronger to form a reasonable positive candle on the daily chart. The headline index is still making a higher high both on the daily and weekly charts. The short-term trend of Nifty continues to be positive with range-bound action. The market is now set to challenge another opening down … Read more
Nifty ended Tuesday’s trading session with a gain of 126 points to end near the 24,700 level and form a small positive candle with minor upper shadow on the daily chart. The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24,700 levels could open the next upside target of 25,000-25,100 … Read more
Nifty ended Monday’s range-bound session 31.5 points higher to form a small red candle on the daily chart, which signalled hesitation after Friday’s upside breakout. The short-term trend of Nifty continues to be positive. Having placed at the key overhead resistance around 24,700, there is a possibility of some more consolidation or minor dip in … Read more
Nifty ended Friday’s session 397 points higher to form a long bull candle on the daily chart with lower shadow and crossed the 21-DEMA placed at 24,365 levels. Nifty has now moved towards hurdle area of previous huge opening downside gap of 5th Aug and the said down gap is expected to be filled soon … Read more
Nifty ended Wednesday’s session near the flatline to form a small red candle on the daily chart, and indicate a probable halt in downside momentum. The immediate support of the ascending trend line has been broken on the downside recently and the significant opening downside gap of 5th August remains unfilled. This is a negative … Read more
Nifty ended Friday’s session with a gain of 250.50 points but well below the 24,400-mark and formed a Hammer candle on the weekly chart. On the daily charts we can observe that the Nifty has witnessed a fall from 25,100 – 23,900 and is now in the process of retracing that fall. It can rally … Read more
Nifty ended Thursday expiry session 180.5 points lower to form a bearish candle on the daily chart. The double top formation on intraday charts indicates further weakness from current levels, say analysts. Nifty has taken support at its 50-DEMA but finding sustained supply near 24,350 zone. Now it requires a decisive range breakout above 24,350 … Read more
Nifty ended 305 points on Wednesday with the index making an indecisive candlestick pattern on the daily chart as traders await the RBI policy announcement on Thursday, coinciding with the weekly expiry of Nifty derivatives. The index has been taking support near 24,000 levels and maintaining the 50-DEMA support despite turbulence, resulting in a relief … Read more
Nifty ended Monday’s session with a loss of 662 points to form a long bear candle on the daily chart and end below its 20-DMA. The index also indicated that the recent all-time high of 25,078 of 1st August could be considered as an important top reversal pattern. The short-term trend of Nifty is sharply … Read more
