The Nifty 50 ended on a flat note after a volatile session on Wednesday as mixed cues from global markets triggered profit booking. Rollover of positions to the May derivative series ahead of the expiry of the April series added to the volatility. While Nifty 50 ended flat at 22,434.65 points, it has formed a … Read more
Nifty on Wednesday ended 22 points lower to form a Doji candle on the daily charts which indicates chances of a minor pullback rally. Minor degree positive chart patterns like higher tops and bottoms have been negated recently as per the daily chart. Hence, any upside bounce from here is expected to be a lower … Read more
Nifty on Tuesday ended flat to form an indecisive Doji candle on the daily charts. The immediate resistance for Nifty is at 22,500, and a break above this on a closing basis would signal a resumption of the upward movement. Conversely, the immediate support is positioned at 22,200-22,150, and sustaining above this level could witness … Read more
Nifty ended 27 points higher above the 22,400 level on Monday to form an indecisive Doji candle on the daily charts. Any dips from here could be a buying opportunity towards the support of 22,225-22,200 levels. The near-term upside targets to be watched around 22,600-22,800 levels, Nagaraj Shetti, Senior Technical Research Analyst, HDare FC Securities. … Read more
Nifty on Tuesday made a fresh peak and ended 75 points higher near the 22,200 mark to form a long bull candle on the daily charts. The index has been making a higher high both on daily and weekly charts. The short-term trend of the Nifty remains up. A decisive move above 22,200 is likely … Read more
It’s worth pondering why stock prices fluctuate daily despite companies announcing their financial results quarterly. Alongside corporate announcements, macroeconomic factors and indicators significantly influence stock markets. Let’s delve into their role. Which major indicators affect the stock market?Monetary Policy Monetary policy, managed by a country’s Central Bank, balances economic growth and inflation by adjusting interest … Read more
Nifty on Wednesday ended flat with a gain of just one point and formed a small negative candle with a lower shadow on the daily chart ahead of the RBI policy outcome tomorrow. The short-term trend of Nifty continues to be positive. There is a higher possibility of an upside breakout of 21,950-22,000 mark in … Read more
Nifty on Tuesday ended 385 points higher to form a long bull candle on the daily chart, indicating chances of an upside breakout of the hurdle at 21750 in the short term. The negative chart pattern like lower tops and bottoms is on the verge of negation as Nifty moved above the previous lower top … Read more
Nifty on Wednesday ended 460 points lower to form a red candle on the daily charts with a decisive break below the 20-day moving average of 21,629. Both price and momentum indicators are pointing toward weakness. Nifty has engulfed the gains of the last four sessions but somehow managed to hold the support zone of … Read more
Nifty on Wednesday ended 74 points higher to take support near 20-DMA and form a Bullish Piercing candlestick pattern on the daily chart, suggesting potential bullish momentum. “We are of the view that, 20-day SMA or 21,500/71,250 could act as a sacrosanct support level for the traders. Above the same, the pullback formation is likely … Read more
