[ad_1] Besides forming lower highs and lower lows on the hourly charts, Nifty today formed a tall bearish candle on the daily charts as it revisited mid-October levels. Now, till it remains below 17250 zones, weakness could continue towards the next psychological support of 17000-16800 levels, while on the upside Read more…
[ad_1] After making lower highs for the last three sessions, Nifty formed a bearish candle and an Inside Bar on the weekly charts. Now, till it holds below 17,950, weakness could be seen towards 17,777 and 17,650 zones whereas hurdles are placed at 17,950 and 18,081 zones, said Chandan of Read more…
[ad_1] Indicating a sell-on-rise mood in the market, the headline equity index Nifty on Friday formed a bearish candle with a long upper shadow on the daily chart. Now till it holds below 18350, weakness could be seen towards 18081 and 18000 zones, whereas hurdles are placed at 18350 and Read more…
[ad_1] Headline equity index Nifty on Friday formed a small negative candle with a minor lower shadow on the daily charts and a bullish engulfing pattern on the weekly chart. Now, the index has to hold above 18,500 zone for an up move towards 18,600-18881, whereas supports are placed at Read more…
[ad_1] Indicating support-based buying at the 18,200 zones, the headline index Nifty today made a bearish candle with a long lower shadow on the daily chart. The red candle was seen on the weekly chart as well, but no major sign of trend reversal was noticed. “Nifty has to hold Read more…
[ad_1] Headline equity index Nifty today formed a bearish candle on the daily charts, indicating indecisiveness between the bulls and bears. The index has been forming higher highs – higher lows from the last two sessions. “Now, it has to hold above 18,300 zones, for an up move towards 18,500 Read more…
[ad_1] While the MACD indicator remains in a buy mode, the headline equity index Nifty formed a strong bearish candle and a bearish engulfing pattern on a daily scale, restricting its upside momentum. Analysts said the index’s moving averages have also started to inch higher. “Now, it has to be Read more…
[ad_1] NEW DELHI: Headline equity index Nifty found support above the 17,400 zones for the third straight session, indicating the formation of a strong base. The index formed a bullish candle on the daily scale. Analysts said Nifty remains in a short-term uptrend as it has moved above the previous Read more…
[ad_1] Domestic equity index Nifty today closed above the 17,450 mark and formed a bullish candle with a long upper shadow on the daily charts. The momentum indicator RSI was rising and in a bullish crossover, suggesting a positive momentum in the near term. “Support-based buying was seen at crucial Read more…
[ad_1] Stating that all key positives in Mindtree have been factored in, brokerage firm Motilal Oswal sees limited upside potential in the IT stock. Motilal Oswal maintained its ‘neutral’ rating on due to its fair valuations (based on 22x FY24E P/E), softness in retail and constraints on management bandwidth because Read more…