Nifty technical analysis

Very much on the anticipated lines, the Nifty made a strong breakout from the broad 15,700-16,400 trading range that it had formed over the past couple of weeks. In the previous technical note, it was mentioned that if the Nifty is able to…

In yet another gaped opening, and this time on the upside, the Indian markets staged a strong short covering-led move and ended the day on a strong note. The Nifty opened on a higher note and got stronger as the day progressed. The markets…

On a thoroughly disappointing day of the trade on Friday, headline index Nifty gave up all its gains in the last hour and a half of the session and closed in the negative. The market has a positive opening; it pared gains to trade flat in…

NEW DELHI: Nifty50 on Thursday climbed for the second straight day, breaching the recent swing high of 17,324 and also the resistance of 17,350. The index reclaimed the 17,400 mark on a closing basis and formed a bullish candle on the daily…

NEW DELHI: Nifty50 on Tuesday slipped below the psychological mark of 17,000 level and formed a bearish Inverted Hammer-like candle on the daily chart. Analysts said the index may find some support near 16,800 while they see some resistance…

On anticipated lines, the domestic equity market got some breather following almost over 800 points of a pullback rally this week and ended the day with a minor gain. The setup was buoyant, and the headline index Nifty had a strong opening…

NEW DELHI: Nifty on Thursday saw selling pressure after taking out the 15,000 level in intraday trade. The NSE barometer eventually eked out marginal gains, but formed its first bearish candle on the daily chart in six sessions. During the…