Nifty has potential to move further up
It’s better to protect the profit with a strict risk management
Nifty forms big bearish candle
Benchmark index engulfed previous 3 days of price actions as it filled the last Friday’s gap; Tuesday’s decline in volume, which was higher than the...
Nifty forms Hanging Man candle
Bollinger bands are still in expansion mode, and there is no sign of consolidation; But distance from 20DMA reduced to 4.07% from 4.97% in last 2
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%
Nifty defies bearish candlestick patterns
Support level rose to 20,883 pts, which is 8EMA; A close below Thursday’s low of 21,074 also will give initial signs of weakness
Nifty forms Doji candle
Nifty tested the 61.8% retracement level of last 2 days of fall in the last 3 hours; If Nifty sustains above 20,769pts for next 2 days, then it has...
