After showing a sharp weakness on Monday, Nifty consolidated on Tuesday with a range movement and closed the day lower by 13 points. After opening on a positive note, the Nifty attempted to move up soon after the opening. It later failed to sustain the opening gains and slipped into weakness with lacklustre movement. Minor … Read more
After showing a sustainable up move in the last few weeks, Nifty witnessed sharp profit booking on Monday and closed the day lower by 368 points. After opening with a downside gap of 110 points, Nifty slipped into further weakness in the early to mid-part of the session. There was no significant upside recovery for … Read more
The Nifty50 index formed a small negative candle on the daily chart at the new highs, which indicates a breather-type pattern post the upside breakout. As happened in the past, the market is expected to shift into a range-bound action for a few sessions before witnessing another upside breakout. On the weekly chart, it formed … Read more
A long bull candle was formed on the Nifty daily chart, indicating a decisive upside breakout of the small range movement at 26,000 levels. Positive chart patterns like higher highs and lows are observed on the daily chart and the market is displaying a strong upside momentum without showing any reasonable downward correction in between. … Read more
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
Following Friday’s sharp rally amid FTSE rebalancing, traders must brace for large moves in both Nifty and Nifty Bank in the monthly expiry week, says Anand James, Chief Market Strategist, Geojit Financial Services. RVNL and Mahindra Logistics are his two stock ideas for the week. Edited excerpts from a chat: Friday’s session changed the trajectory … 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 small negative candle on the daily chart experiencing some profit booking ahead of the anticipated FOMC rate cut decision, which seems to be priced in a 25-bps cut. The short-term trend of Nifty remains positive with range-bound action. Any dips down to the support of 25,200-25,100 is expected to be a … 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
