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Tech View: Nifty forms small-bodied candle ahead of US Fed outcome; what should investors do on Thursday? – Heemang Parmar

[ad_1] Bears remained in control of the Nifty50 on Wednesday, pushing the index lower by nearly 100 points, but recovery in the second half of the session helped the index to close above 17,700 levels. The index made a small-bodied candle on the daily charts ahead of the US Federal Read more…

By Heemang, 3 years ago
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Tech View: Nifty50 forms a Hammer-like candle; what should traders do on Tuesday? – Heemang Parmar

[ad_1] The Nifty50 recouped intraday losses to close above 17,600 levels on Monday, suggesting that bulls are not ready to give up. The S&P BSE Sensex rallied more than 300 points to close above 59,000. The Nifty50 formed a Hammer-like candle on the daily charts, a bullish sign provided we Read more…

By Heemang, 3 years ago
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Tech View: Nifty50 forms a bearish candle; what should investors do on Friday? – Heemang Parmar

[ad_1] The Nifty failed to hold on to 18,000 levels on Thursday and closed with a bearish candle on the daily charts. This was the second consecutive day when Nifty50 closed in the red, but on Thursday, the closing level was lower than the opening one, which led to the Read more…

By Heemang, 3 years ago
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Tech View: Nifty50 takes out 18K, but strength missing – Heemang Parmar

[ad_1] Nifty50 on Tuesday climbed for the fourth straight day and, in the process, took out the 18,000 level on a closing basis, the first time since April 4. The 50-pack index, which is trading above its key short and long-term averages, formed a small bullish candle on the daily Read more…

By Heemang, 3 years ago
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nifty technical outlook: Tech View: A follow-up buying may ensure Nifty50 bulls are back – Heemang Parmar

[ad_1] Nifty50 on Thursday made strong gains and closed near the psychologically important mark of 17,800. After a gap-up start, the index ended up forming a small bullish candle with a long lower wick, suggesting intraday selling was bought into. Analysts said a follow-up buying may help gauge the strength Read more…

By Heemang, 3 years ago
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nifty50: Tech View: Nifty50 forms a bullish candle; it’s a buy on dips market, say analysts – Heemang Parmar

[ad_1] The Nifty50 on Monday ended higher after two days of fall. The index formed a bullish candle on the daily chart and stayed in a broader range. Analysts said the index faces resistance at 17,780-800 a breach of which can attract buying. They see immediate support at 17,500. It’s Read more…

By Heemang, 3 years ago

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