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Charts indicate limited downside probability
But the upside potential requires strong closings above the confluences of resistance; RSI is still below 50 zone; However, MACD histogram shows an...
Nifty forms a strong bearish candle
For bulls, Nifty has to decisively close above the 15988, in any case, a close below 20DMA, currently at 15760 will resume the downside move; if it...
Sensex likely to witness fresh pullback rally
For the traders, 55,000 would act as a strong support level, above which it could touch 55,800-56,000; below 55,000, uptrend would be vulnerable
Nifty still in neutral zone
The inverted Head and Shoulders pattern on a 15-minute chart has met its target, Nifty traded mostly in 17380-433 zone
Strong support at 17,582pts
The important thing to understand here is that, the whole upswing is with below-average volume in the cash and derivative segment. This low volume...
