Tech View: Nifty gives no signs of reversal, support at 25,100. Here’s how to trade on Tuesday
Nifty ended Monday’s session with a gain of 43 points to form a small negative candle with a minor lower shadow on the daily chart. The short-term trend of Nifty is intact. Though Nifty is placed at the hurdles of around 25,350 levels (1.382% Fibonacci...
Tech View: Mt 25K in sight once again for Nifty bulls. Here’s how to trade next week
Nifty ended Friday’s session 429 points higher to form a long bull candle on the daily chart to signal a decisive upside reversal in the market post downward correction. The immediate supports like 10/20-day EMAs have been regained after violating below it recently. These moving...
F&O Rollover: FIIs lighten Nifty longs, rollovers under pressure; what’s next for Nifty?
Foreign institutional investors (FIIs) lightened their long calls on the Nifty index for the August series with a net long of 62,000 contracts as against net long of 2.3 lakh contracts at the start of July expiry. Nifty witnessed some profit taking at higher levels...
Tech View: Trending move in Nifty likely after consolidation. Here’s how to trade on Wednesday
Synopsis Despite recent volatility and a prevailing negative short-term trend, the Nifty Index shows signs of a potential bullish reversal. Tuesday’s sharp buying and the formation of a positive candle pattern suggest an upward shift. If the index surpasses the 24,650-24,700 level, further gains towards...
Tech View: Nifty RSI gives bearish crossover. What should traders do on Thursday?
Nifty on Wednesday ended 22 points lower to form a Doji candle on the daily charts which indicates chances of a minor pullback rally. Minor degree positive chart patterns like higher tops and bottoms have been negated recently as per the daily chart. Hence, any...
Nifty500 outperformed global indices in the past quarter. How peers fared
Oct 30, 2023 ETMarkets.com Taking Stock 2023 started off on a strong note for global equities, as inflation moderated and investors looked forward to a pause in interest rates globally. However, the uptrend in global equities quickly turned sour as inflation proved to be pretty...
Zee Ent. shares fall 2.86% as Nifty drops
Shares of Zee Entertainment Enterprises Ltd. traded 2.86 per cent down at Rs 255.85 on Wednesday at around 01:29PM (IST), while the benchmark BSE Sensex declined 584.94 points to 64927.16. As many as 126,021 shares changed hands on the counter with a total value of...
Tech View: Nifty forms Doji candle on RIL AGM day. What traders should do on Tuesday
As Nifty ended 40 points higher, a small Doji candle was formed on the charts. The sideways movement has little predictive value. Normally, such Doji formations after a reasonable upmove or downmove indicate trend reversals. But, having formed this pattern beside the negative candle of...
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