MACD indicator gives fresh buy signal
Nifty formed an outside bar or a bullish engulfing pattern and with index at a new high, we can consider that 13-mth-long counter-trend consolidation...
MACD gives fresh sell signal
The index closed decisively below 8EMA and signaled to exit existing long positions; MACD moving below signal line
18,442-547 zone key for Nifty to scale a new high
On Friday, the index has formed a bearish engulfing candle. Though it has not given any weaker signals or closed below the short-term average, the...
Stay sidelines till trend confirmation emerges
The index holds next level of support at 18,275 (8EMA), unless these levels are broken down, do not expect short-term weakness in mkt. Interestingly,...
Nifty forms higher top and higher bottom candles
The benchmark index has formed a Doji candle; There were signs of profit booking at regular intervals during the session
19,200 level for Nifty in sight
There are no weakness signals, but there are indecisive moves because of profit booking in short-term; Continuation of the trend will test the new...
Nifty forms higher high, low on charts
The market breadth becomes negative and Nifty breadth at 1:1; As the index closed on 8EMA support and below 5EMA and formed a bearish bar, the time...
Upward trajectory amid possible profit booking
The best way from now is to monitor the distribution days. The 17611 is the key level to be bearish. Otherwise, be cautiously positive from now
