Tech View: Nifty ends 7-week-long winning run. What traders should do next week

Tech View: Nifty ends 7-week-long winning run. What traders should do next week

NEW DELHI: Nifty on Friday finished 94 points higher but ended the week 0.5% down to break its seven-week winning streak. Momentum readings like the 14-day RSI too remain in decline mode after declining sharply from overbought levels on Wednesday. Nifty would need to cross the recent highs of 21,593 to reverse the current downtrend. … Read more

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

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