Nifty formed a small negative candle on the daily charts on Friday to end 12 points higher. On the daily chart, the index continued to form higher highs and higher lows as dips ended up being bought.The underlying trend of Nifty continues to be choppy with positive bias. Further upmove from here could pull Nifty … Read more
Nifty on Friday ended 293 points lower to form a reasonable negative candle on the daily chart, indicating a short-term top reversal pattern for the index at the new high of 25,078 level. The short-term trend of Nifty is down, but the near-term uptrend status of the market is intact. There is a possibility of … Read more
It’s officially sandals season and if you are heading off to a hot destination this summer, you might want to invest in a pair of sandals you can walk for miles without getting blisters. Comfort is key when choosing any footwear and whether you’re wearing flip flops, clogs or sliders, finding a pair with anatomically … Read more
DHARMESH SHAH, HEAD OF TECHNICALS, ICICI SECURITIESWhere is Nifty headed this week?We expect Nifty to continue trade with a positive bias and gradually head towards 24,700 by July end. Higher peaks and troughs supported by market breadth signifies inherent strength (currently 86% of stocks are trading above 50-day EMAs), and the global setup continues to … Read more
More than 500,000 people every year are left with broken bones linked to a common condition that many don’t know they have. Latest figures show over 3m people are believed to have osteoporosis, a health issue which means their bones are weaker than usual. Yet for many there are no signs of the condition until … Read more
Nifty ended Wednesday session 147.5 points higher and formed a new peak at 23,889 level to form a long bull candle on the daily charts. Three such back to back candles indicate the formation of a ‘3 Advancing Soldiers’ type pattern which signals upside continuation for the short term. The present upside momentum could find … Read more
SUDEEP SHAH HEAD – TECHNICAL & DERIVATIVE RESEARCH DESK, SBI SECURITIES Where is the Nifty eaded this week? Market’s focus would now shift to monsoon and the Union Budget. India VIX has cooled off 60% from the highs of 29-30 levels to the 13 zone, implying smooth sailing for the markets in the near term. … Read more
Nifty on Thursday formed a Doji candle on daily chart, which indicates indecisiveness prevailing in the marketplace at current juncture. The short-term trend of Nifty continues to be positive amid high volatility. Having moved above the hurdle of 22,250 level (mid-part of Tuesday’s long bear candle) recently, Nifty could move towards the next upper hurdle … Read more
Nifty ended Tuesday’s session 6% lower at 21,884.50 to form a long bearish candle on the daily chart and also ended below short-term and medium-term averages. For traders now, 50-day SMA or 22,400/73,500 and 22,500/74,000 would be the key resistance areas while 21,600-21,300/71,000-70,200 would act as key intraday support zones. “We are of the view … Read more
Nifty ended Monday’s trading session 733 points higher with analysts saying that if the election results are better than expected on Tuesday the headline index can even cross the 24,000 mark. The bulls are in full control of the markets at the current juncture and are using every minor pullback to create long positions. Support … Read more
