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
Weekly MACD shows fresh bullish signal
Nifty forms another Hanging Man candle; Benchmark index showing signs of consolidation as it was back into the Bollinger bands
Charts indicate trend exhaustion
Nifty forms another Hanging Man candle; Better to stay away from long positions
Nifty forms Hammer candle
After 8 days, benchmark index closed below opening level, failed to move above the first hour’s high, and it also filled the opening gap; The Volumes...
Charts indicate caution alert for longs
Nifty rallied 1,100pts in just 6 days; A massive 10.76% upward move since 26th Oct low
Time to book partial profits in overbought mkt
Monday’s candle is completely above the Bollinger bands and shows an overbought condition; Nifty may retrace towards upper Bollinger band, which is...
All indicators signal rally extension
Nifty rose by 473.20 pts or 2.39%, the highest after June last week. After completing the throwback by testing Nov 2022 high, the index bounced by...
Mkt course hinges on State elections outcome
If Nifty extends the rally, it may reach the 20500 zone
