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Rally in IT stocks will continue if Q1 earnings of tech firms are good
Globally, technology stocks have been touching higher levels in recent days. Nasdaq, which is a technology-heavy index, was up one per cent on Monday...
Nifty making higher lows
Either side of the breakout will give a directional move
MACD shows bearish momentum on all time frames
The benchmark index registered another distribution day with heavy volume selling and over 0.68% fall
Fag-end profit booking takes toll on initial gains
After a big move in the market, this kind of fall looks abnormal; traders square off most positions
Pullback rally likely
On Wednesday, the benchmark indices exhibited an intraday recovery after initially declining. Sensex rose by 173 points. Pharma and healthcare indices...
Moderate pullback likely
Weekly RSI at 61.45 and formed a mild bearish divergence; Daily MACD given a fresh sell signal
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...
Nifty may trade in 17405-17774 range amid high volatility
Nifty formed a Hammer candle on a positive index breadth; Monday’s low of 17405 will act as crucial support for the next 2 days