nifty bank

Nifty Bank falls more than 1% in a week; breakout above 47,700 may trigger short covering move

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Nifty Bank falls more than 1% in a week; breakout above 47,700 may trigger short covering move

The Nifty Bank fell more than 1% for the week ended 22 December 2023, tracking the mixed trends seen in Indian markets amid a rise in Covid cases, profit booking at higher levels, and geopolitical concerns. The Nifty Bank fell from 48,143 as on 15th December 2023 to 47,491 recorded on 22 December 2023, which … Read more

nifty50: Tech View: Nifty closes above 10-DMA. What traders should do on Friday

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nifty50: Tech View: Nifty closes above 10-DMA. What traders should do on Friday

NEW DELHI: Nifty on Thursday ended 105 points higher to form a Bullish Piercing candlestick pattern on the daily chart, indicating potential bullish momentum. It would now be a daunting task for Nifty to go beyond the cluster of hurdles i.e. 21,400 – 21,500 – 21,600. On the other hand, 21,000 – 20,950 has certainly … Read more