nifty50

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

Tech View: Nifty finds support above 21-EMA. What traders should do on Wednesday

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Tech View: Nifty finds support above 21-EMA. What traders should do on Wednesday

Nifty on Tuesday ended about 34 points higher to find support just above the 21-EMA on the hourly chart, prompting a strong recovery in the later part of the session. The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21,350 consistently. … Read more