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Market correction around the corner
After forming a bearish engulfing candle on Tuesday, NSE Nifty formed lower low candles; The MACD gave a fresh sell signal; The RSI has received...
Keep risk management in place to protect capital
Wait for a directional move to change bias
Charts indicate limited upside move
The Nifty rallied 930 pts or 5.50% from the 28th March low. Now, the swing is 9-day old. Generally, the counter-trend rallies in a downtrend do not...
Nifty forms Hanging Man
Nifty reached first target of 17,758 pts; From now, upside potential is limited to another 200 pts; Index doesn’t show any weakness in the trend, but...
Charts indicate caution alert
As the short-covering is in full swing, it is better to wait the first 15 minutes to gauge the trend. A decline below 20 DMA (17864) will be negative...
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
Markets remain directionless
During the last 3 days, the index has formed lower highs on the hourly chart; The opening of positive gaps did not sustain; The volumes have been...
Is market heading for a major correction?
RSI declined below 50 zone is and closed on the support line; MACD histogram shows sharply increased downside momentum; Elder impulse system also...
