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A few intraday sharp bounces expected
Nifty has formed a bearish candle; better to stay with negative to neutral bias for Tuesday
Dollar Index, USD-INR hovering in divergent trading
Despite rising dollar index, INR-USD moving in range-bound trading
It’s ideal to stay focused on large-cap stocks
Even though Nifty registered a bullish breakout, the upside is limited to 22,232 points, which is a 100% extension of the previous uptrend; And it’s...
Nifty has not given any weaker signals so far
Keep the prior day low as a strict stop loss in these conditions. The breakout level of 21593 is the nearest strong support.Positive sentiment
No weak signals from key index Nifty as of now
Go for bullish strategies for next 3 sessions, but it is not time to take positions
Doji candle indicates indecisiveness
The daily range also shrunk to just 117 pts; Volumes were below average; Stay on amid neutral bias with a reduced position size
Charts indicating caution alert
It’s time to wait for divergences to be formed at extreme levels; The higher volume for the last 3 weeks indicates the buying interest; Importantly,...
Nifty forms a strong bullish bar
All the indices made gains ranging from 2.3% to 4.56%, except the Realty, Media, FMCG, and Auto indices were down by 0.04% to 0.71%
