Tech View: Nifty ends week with Hammer candle. Here’s how to trade on Monday
Nifty ended Friday’s session with a gain of 250.50 points but well below the 24,400-mark and formed a Hammer candle on the weekly chart. On the daily charts we can observe that the Nifty has witnessed a fall from 25,100 – 23,900 and is now in the process of retracing that fall. It can rally […]
Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday
Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry. The near-term uptrend status of the market remains intact. But the market seems to have started signs of […]
Technical Breakout Stocks: How to trade Tata Investment, ICICI Bank and M&M on Monday?
The Indian market closed at a record high on Friday tracking positive global cues. Benchmark indices hit their fresh record high, logging gains of over 1.5% each. The S&P BSE Sensex rallied more than 1,200 points to hit a fresh record high of 73,819 while the Nifty50 closed with gains of more than 355 points […]
Tech View: How to read Nifty price, momentum indicators for Friday’s trade
Nifty on Thursday ended 162 points higher to form a long bull candle with a long lower shadow on the daily charts as the short-term trend of Nifty turned up sharply after a small decline. Having breached the recent highs of 22,249, the Nifty is expected to move towards the next upside target of 22,500-22,600 […]