[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] It was yet another fantastic day for the banking pack on Dalal Street, as the Nifty Bank index surpassed the 43000-point mark for the first time ever on Thursday and notched more than 4% gains in the November derivative series. This is the second straight series of gains for 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] After making higher highs for the last three trading sessions, Nifty on Wednesday formed a long bear candle, indicating the inability of bulls to sustain the highs. “Now, it has to hold above 18,050-18,088 zones, for an up move towards 18,350 then 18,500 zones, whereas supports are placed at Read more…
[ad_1] Headline equity index Nifty on Monday formed a Doji-type candlestick on the daily charts as it ended the session 0.47% higher and above the 18,200 mark. With an upper and long lower shadow, charts indicate indecisiveness between bulls and bears. Chartists said a sustainable move above the high of Read more…
[ad_1] Domestic headline equity index Nifty on Friday formed a bullish candle on the daily scale and a long bull candle on the weekly charts, indicating that the bulls may get stronger going forward. “Now, Nifty has to hold above 18,000 zones, for an up move towards 18,350, then 18,500 Read more…
[ad_1] Trading within a range of 18,000-18,200 for the last four days, headline index Nifty today formed a small positive candle on the daily chart with a minor upper shadow, indicating a buy-on-dips opportunity in the market at the highs. “Now, it has to hold above 18,000 zones, for an Read more…
[ad_1] Headline equity index Nifty today formed a bullish candle on the daily scale to end 225 points higher above the 18,000 zones. A higher bottom formation indicated the continuation of an uptrend in the near future. “Now, it has to hold above 18000 zones for an up move towards 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] 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…