Tech view: Nifty charts indicate bullish counterattack. How to trade on Wednesday
A small positive candle was formed on Nifty’s daily chart with minor upper and lower ranges. Technically, this market action indicates a counter-attack by bulls after an attempt at a false downside breakout of the range movement. The crucial 200-day EMA is in the limelight again. After moving below this average on Monday, Nifty failed […]
Downturn in sight for Nifty50, MidCap Select indices; here’s how to trade | News on Markets
3 min read Last Updated : Jul 08 2024 | 6:23 AM IST Nifty 50 Index Analysis: When examining the Nifty 50 Index, currently trading in the overbought zone, technical indicators such as MACD, RSI, and Stochastic suggest it is challenging to recommend initiating fresh long positions at the current market price. The […]