Nifty technical view

The NSE Nifty 50 index, after falling for four straight days, saw a positive close on Thursday. The index in process formed a bullish engulfing candle on daily charts, which suggests bullishness. The Nifty50 opened on a negative note at…

After a volatile session, largely affected by rate hike and RBI commentary, the Nifty50 ended with a cut and formed a bearish candle on daily charts on Wednesday. The index opened on a positive note at 16,474.95 but slid to as low as the…

NEW DELHI: After forming a Bearish Engulfing candle in the previous session, Nifty50 on Wednesday formed a 'Bearish Belt Hold' on the daily chart, reflecting selling pressure from the word go. The bears seem to have gained the upper hand,…

NEW DELHI: The Nifty50 opened with a bang, but smiles from bulls’ faces vanished as the day progressed. The index formed a strong bearish candle on daily charts. The Nifty, with a gap-up opening, attempted to cross the hurdle of 17,600 on…

NEW DELHI: It was the third day of gains on Thursday for Nifty50 as investors continued to buy stocks amid fading Omicron worries. The index formed a Dragonfly Doji kind of formation, hinting at an equal balance of power between the bulls…

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: NSE's Nifty50 failed to capitalise on the gap up opening and succumbed to the selling pressure in Monday's trade. Eventually, it formed an indecisive candle, resembling a Spinning Top pattern. Continuing with the positive…