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Avoid long positions in Nifty
Nifty registers a distribution day and had a higher volume above average; Currently, it is holding 4 distribution days; Importantly. Nifty closed...
Nifty falls below critical short-term levels
The Nifty has broken down from the rising wedge pattern on the daily chart, suggesting a potential reversal of the uptrend
Charts indicate losing steam in rally
Daily MACD histogram shows a dull momentum; The prior week’s low of 22,224 is the nearest support, and 10-wk average of 21,929 is the strong support
Investors wary of unusual price behaviour
It is better not to venture with an aggressive position size, an extreme negative breadth for the last 3 days; Below average volume is a concern
Charts indicate bleak outlook
Protect the profits on the table as a negative close after the Doji candle is the confirmation for its bearish implications
All charts indicating negative signal
The benchmark broke the rising channel support on a closing basis. On an expiry day, intraday sharp moves may occur due to short-covering and...
A few intraday sharp bounces expected
Nifty has formed a bearish candle; better to stay with negative to neutral bias for Tuesday
Nifty hits another all time high
Previous day’s bearish engulfing candle failed to get a confirmation for its bearish implications; Current unbelievable rally may attract sharp profit...
