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Nifty in an uptrend with higher volatility
Stay cautiously optimistic and apply strict money management rules. The index formed an open-low candle, which is bullish in nature
Nifty forms Hanging Man candle
Stay calm and sideline for some time; Continue the positional longs as long as they are above the stop losses
Nifty forms a long upper shadow candle
The index has formed a second lower low candle; Stay cautiously positive; Follow the strict risk management
Nifty negates indecisiveness
On a weekly basis, bears failed to get the confirmation for last week’s bearish engulfing; Truncated next week has only 3 trading sessions; 2023-24...
Nifty forms Double Bottom candle
Be neutral for now, and apply neutral strategies
Nifty forms Shooting Star candle
Volumes are lower; Price action is bearish; Below 21,593 level, Nifty may test 20DMA of 21,193 pts