Counter-trend may continue for another 2-3 days
The market recovered smartly from the day low and closed at near day high.
Nifty forms lower high, lower low candles
Normally, Monday’s candle is most bearish in nature, as the open is high and low is the day's low
Positive opening on Monday likely
Monday's first-hour high is also crucial for the bulls; as the monthly derivative expiry is scheduled for next Thursday, volatility will play a major...
Nifty forms long-legged small body candle
The consolidation may continue for another 2-3 days
15800-886 zone in sight
Nifty may retrace back and resume the up move; Back-to-back Doji candle's got the confirmation for a bullish reversal, but the last five minutes'...
Nifty forms long-shadow candles supporting bull trend
The index ending its losing streak, positive divergences on an hourly chart is a positive aspect
Rising volatility in consolidation phase
The other reason for expecting a bounce from here is that the Nifty closed below the Bollinger lower band for the second day. Normally, this kind of...
Bears on the prowl
If the 15323 is protected, the index may bounce towards the 15900-16000, a weekly close below the 15323 will be a big negative; Thursday’s high 15863...
