[ad_1] The US Fed jitters kept equity and currency markets on edge. The S&P BSE Sensex plunged more than 1,000 points while the Nifty50 broke below a crucial support at 17,400 and also briefly slipped below 50-DMA but then bounced back. The short-term moving average for the Nifty50 is at Read more…
[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…
[ad_1] The Indian markets shrugged off concerns around a potential rate hike by the US Federal Reserve meeting in its 2-day meeting starting today to close with gains of about 1 per cent. The Nifty50 rallied 194 points to close above crucial resistance of 17,800, while the S&P BSE Sensex Read more…
[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…
[ad_1] The sky-high inflation is pinching the pockets of major economies. The inflation figures released this week in the United Kingdom, United States, and India have been consistently higher. Although measures have been taken to reduce inflation, uncertainty still lingers. It seems inflation will stay over the comfort levels of Read more…
[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…
[ad_1] It was a roller coaster ride for traders as Nifty50 slipped below 17,800 in opening trade on Wednesday, following weak global cues but managed to recoup losses to close above 18,000, which is a positive sign. The Nifty50 formed a bullish candle for the third consecutive day. Supertrend indicator Read more…
[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…
[ad_1] The Nifty50 on Friday formed a double Inside Bar pattern on the daily scale, reflecting indecision. On the weekly scale, the index formed a bullish candle with an upper wick, reflecting selling at highs. Analysts said the index might keep trading in a consolidation phase unless it breaches 17,300-800 Read more…