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Indicators indicate unexpected moves
On Budget day, Index may trade between 24,514 and 24,264 points; If it moves below the 24,264 level, we may see intense profit booking; If it moves...
Nifty forms bearish candle
It looks like a Shooting Star; RSI entered neutral zone; The move indicates only exhaustion and profit booking
It’s time to wait for range breakout
Nifty closed above 8EMA, formed a lower high and lower low candle
RSI enters above 60 zone
Nifty needs a strong close above 23,400 pts with an above-average volume for a strong bullish bias
Stay with selective stocks
Friday’s low of 22,789 will be short-term support, a close below this will test the 20 and 50DMAs; Broad range for next 2 weeks is 23,550-22,500
Nifty forms an indecisive candle
Expect the counter-trend to halt for some time, try to take out trading profits partially. Nifty may consolidate till the General Budget and the RBI...
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
Charts indicating indecisive trading
Nifty formed higher highs and higher lows on the monthly chart; Remarkably, the index formed a similar candle on a weekly chart
