nifty technical chart

Tech View: Nifty may consolidate within a range. What traders should do on Tuesday

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Tech View: Nifty may consolidate within a range. What traders should do on Tuesday

Nifty on Monday ended 153 points higher to form a green candle on the daily chart while registering a new all-time high. Positive chart patterns like higher tops and bottoms are intact as per the daily chart, and the present upmove is in line with the new higher top formation of the pattern. The short-term … Read more

Tech View: Nifty 50 in consolidation mode; what’s the trade set-up for next week?

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Tech View: Nifty 50 in consolidation mode; what’s the trade set-up for next week?

It turned out to be a rather listless session for domestic equities, with the Nifty 50 ended flat as the Reserve Bank of India’s policy announcements had no major fireworks. The central bank left policy rates unchanged and also retained its stance of focussing on withdrawal of accommodation. The Nifty 50 ended flat at 22513.70 … Read more