[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] Indicating a downtrend continuation pattern, a long bear candle was formed on Nifty’s daily chart today. Negative chart patterns like lower tops and bottoms were formed on the weekly chart and Nifty is currently on the way down to form a new lower bottom of the sequence (below 17,353), Read more…
[ad_1] Strategy Positions:Sell 25 Jan 18050 Call at 93; Sell 25 Jan 18050 Put at 89; Target: 10; Stop loss: 280 (1 Lot Each) Rationale:The Nifty recovered marginally last week, and despite the weakness seen on Friday, it closed the week in the green. The resumption of FII flows into Read more…
[ad_1] As Nifty failed to end above the 18,000-mark for four days in a row, the headline index formed a Doji candle on the weekly charts. A tug-of-war was visible between bulls and bears throughout the week as wicks of the candle were of equal size on both ends indicating Read more…
[ad_1] Headline equity index Nifty formed a bearish candle with a longer shadow, indicating support-based buying on weekly F&O expiry day. The index has formed bearish candles for three consecutive days. Now, till it holds below 17,950 zones, weakness could be seen towards 17,777 then 17,700 zones, whereas hurdles are 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 today formed a doji pattern on the chart, suggesting indecision ahead of the US Fed meet outcome later in the night. Analysts said normally such candle formations after a reasonable rise signals volatility at the highs and sometimes acts as a reversal pattern post confirmation. Read more…
[ad_1] Why do you invest in the stock market? To make profits, isn’t it? Four years ago, when Jitendra Jain started options trading, he too was driven by the greed factor that makes Dalal Street overcrowded with scores of young ‘Khatron ke Khiladi’ for whom making quick money is no Read more…
[ad_1] Markets have been moving sideways again for quite sometime now. However, no major change on the overall trend yet. Weekly expiry option for Nifty witnesses PE writers actively adding their positions at 18,600PE – over 56 lakh shares OI, with fresh additions of more than 45 lakh shares. CE Read more…