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Market texture is non-directional
For now, 80,100 would be key resistance, above which index could move upto 80,400-80,600. On flip side, dismissal of 79,730 may retest 79,500-79,200,...
All sectoral indices hovering in positive zone
The trading sentiment remains bullish with Nifty’s immediate target set at 23,500pts
Nifty chart flags strong negative signal
For now, the 23,000-23,150 is a strong resistance zone, and the 22,800-575 is a crucial support area cautious in this zone
Charts indicate temporary weakness
75,000-74,750 would act as key support levels, while 75,700-76,000 could be the key resistance areas for traders
Weekly MACD flags rising bearish bias
The daily price pattern is like a Double-Top, the two tops formed bearish candles, like a Shooting Star and a Gravestone Doji; All indicators showing...
Short-term market texture still on a weak note
As long as the market is trading below 74,400 level, the chances of hitting 73,500-73,350 would turn bright; On the flip side, above 74,400 market...
MACD flags fresh bullish signal
If Nifty sustains above Monday’s high of 22,655pts, it can test the 22,775pts; On the downside, a move below the 22,430 will be negative; If Nifty...
Correction formation may continue
74,515 would be the crucial resistance area, below which the market could slip till 73,225, which could drag till 72,800. On the flip side, above...
