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MACD shows increased bullish bias
On a weekly chart, Nifty is forming the strongest bullish bar and closed above 2 weeks high; On a daily chart, it formed a Hanging Man candle
Refrain from holding long positions for now
The index has formed most bearish candle on Friday; Current mkt structure turned weak, as it is forming lower highs and lower lows
Nifty may retest breakout level before further rally
As the extension target was met, the index is more likely to enter into a counter-trend consolidation; hourly MACD histogram shows a decline in...
Keep risk management in place to protect capital
Wait for a directional move to change bias
VIX at lowest levels, move with a neutral to negative stance
The Nifty has formed another hanging man candle. It closed below 20DMA. VIX is at the lowest level since Dec 2022
Nifty review: 17429 will be a key resistance for near term
Currently, the price structure is a bearish flag pattern. But in any case, if it closes above 17429, it will be a double bottom breakout
Nifty: Bulls are riding the trend
29 stocks hit new 52-week high, 91 stocks traded in the upper circuit. Reliance, M&M and L&T were the top trading counters on Friday in value terms
Market set for higher volatility, unusual downward move
About 58 stocks hit a new 52-week low, and 79 stocks traded in the upper circuit