Tech view: Nifty forms small-bodied indecisive candle as bulls develop cold feet at 26k. How to trade tomorrow

Tech view: Nifty forms small-bodied indecisive candle as bulls develop cold feet at 26k. How to trade tomorrow

A small-bodied candle was formed on Nifty daily chart, hinting at a sense of indecision. On the level-specific front, the 26,000 mark withholds the formidable barrier to the ongoing momentum, and a decisive breakthrough could only trigger the next leg of the rally towards 26,200, marking a sustained uptrend. On the lower end, 25,900-25,800 is … Read more

Tech view: Nifty nearly at 26k mark, forms bull candle. How to trade on Tuesday

Tech view: Nifty nearly at 26k mark, forms bull candle. How to trade on Tuesday

The Nifty formed a bull candle on the daily chart as the market continued its upside journey on Monday and closed the day higher by 148 points. After opening with an upside gap of 80 points, the market continued to surge up amidst range movement for the better part of the session. New all-time high … Read more

Tech view: Nifty faces hesitation at all-time high levels ahead of Fed rate move. Here’s how to trade on Wednesday

Tech view: Nifty faces hesitation at all-time high levels ahead of Fed rate move. Here’s how to trade on Wednesday

The Nifty formed a Doji candle on the daily chart near its all-time high, which may be signaling short-term hesitation ahead of the US Fed meeting due later this week with the Street expectations that it might start with an outsized rate cut. Nifty formed a small sideways Doji candle resulting in three days of … Read more

Tech view: Nifty breaches 25,200 crucial resistance, forms long bull candle. How to trade on Friday

Tech view: Nifty breaches 25,200 crucial resistance, forms long bull candle. How to trade on Friday

The Nifty formed a bullish engulfing candle as the bulls took charge towards the end of the day and lifted the indices to a new high, mirroring global trend. The rate-cut optimism has provided a positive impetus to the global market. “A long bull candle was formed on the daily chart which has broken above … Read more

Tech view: 24,753 level to offer short term support in Nifty, Caution advised for traders. How to trade on Thursday

Tech view: 24,753 level to offer short term support in Nifty, Caution advised for traders. How to trade on Thursday

The Nifty formed a bearish candle on the daily chart as the Indian markets ended weaker, with the Sensex down 398 points (0.49%) at 81,523.16 and the Nifty slipping 122.65 points (0.49%) to 24,918.45.Recent swing low 24,753 is expected to offer short term support to the Nifty. On the higher side, 25,200 becomes strong resistance … Read more

LTIMindtree, Max Financial Services among 5 stocks with long buildup – Long Buildup

LTIMindtree, Max Financial Services among 5 stocks with long buildup – Long Buildup

Indian Railway Finance Corporation Share Price 169.85 04:03 PM | 6 Sep 2024 -3.63(-2.1%) One97 Communications Share Price 603.8 04:03 PM | 6 Sep 2024 -22.75(-3.64%) YES Bank Share Price 23.14 04:03 PM | 6 Sep 2024 -0.25(-1.07%) ITC Share Price 501.7 04:03 PM | 6 Sep 2024 -9.5(-1.86%) HDFC Bank Share Price 1636.95 04:03 … Read more

Canara Bank, OFSS among 5 stocks with significant short buildup – Short Buildup

Canara Bank, OFSS among 5 stocks with significant short buildup – Short Buildup

Indian Railway Finance Corporation Share Price 169.85 04:03 PM | 6 Sep 2024 -3.63(-2.1%) One97 Communications Share Price 603.8 04:03 PM | 6 Sep 2024 -22.75(-3.64%) YES Bank Share Price 23.14 04:03 PM | 6 Sep 2024 -0.25(-1.07%) ITC Share Price 501.7 04:03 PM | 6 Sep 2024 -9.5(-1.86%) HDFC Bank Share Price 1636.95 04:03 … Read more

Tech View: Nifty trajectory looks choppy, support at 25,000-24,900. Here’s how to trade on Friday

Tech View: Nifty trajectory looks choppy, support at 25,000-24,900. Here’s how to trade on Friday

Nifty formed a small red candle on the daily chart as it ended Thursday’s trading session on a slightly negative note as the index opened gap up but failed to sustain and slipped from its highs, closing 53.60 points lower at 25,145. The short-term trend of Nifty continues to be choppy with weak bias. Further … Read more

Tech View: Nifty forms Inside Bar candle on the charts. Here’s how to trade on Wednesday

Tech View: Nifty forms Inside Bar candle on the charts. Here’s how to trade on Wednesday

Nifty formed an Inside Bar pattern on the daily chart as it ended Tuesday’s trading session on a flat note as the index traded within the high and low range of the previous trading session. The near-term uptrend status of Nifty remains intact. Present range-bound movement could eventually result in an upside breakout of the … Read more

Tech View: Nifty can rally up to 25,500 in short term. Here’s how to trade on Friday

Tech View: Nifty can rally up to 25,500 in short term. Here’s how to trade on Friday

Nifty ended Thursday’s monthly expiry session with a gain of about 100 points after scaling a fresh record high. The intraday bounce from the 25,000 level suggests strong support at this level. With today’s strong close, prices have now surpassed the previous swing high, confirming a “Saucer” formation and signaling the potential for further upside. … Read more