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The Nifty gained 128 points on Tuesday to close at 24,467. It started on a weak note, but bounced back sharply from around the support zone of 24,150-200 and remained above the same throughout the trading session. The first half was very volatile after a negative start and, simultaneously, fresh buying emerged during the second […]
The Nifty formed a long bearish candle on the weekly chart on Friday. Technically, this suggests that the markets are likely to remain under pressure in the near term. However, there is a possibility of a minor pull-back rally or sideways consolidation in the next 1 or 2 days after a sharp fall, which was […]
The Bank Nifty index has declined sharply, breaking below support at 51,000. This is contrary to our expectation that the index would sustain above 51,000. As such, our bullish view mentioned yesterday has gone wrong. The index is currently trading at 50,560, down 1.9 per cent. The advances/declines ratio is 2:10, which clearly indicates a […]
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