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On the daily chart, the Nifty index formed a small-bodied bullish candle on Wednesday with upper and lower wicks, indicating market indecision. This pattern reflects a tug-of-war between buyers and sellers, though the bullish close suggests that buyers had a slight edge by the end of the session. The Nifty index traded sideways in a […]
Nifty closed lower on Wednesday after a two-day gain. A sell-off in the later half of the session erased the morning gains as the star performers of the previous two days i.e. banks came under profit-taking. Nifty formed a small red candle on Wednesday near the 100-Day Exponential Moving Average (DEMA), signalling strong resistance around […]
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 ongoing September quarter earnings season will broadly remain a muted earnings season with Nifty50 earnings growing in single digits, says Narender Singh, smallcase Manager and Founder at Growth Investing.“Sectors which seem to disappoint the most would be automobiles, specifically four-wheelers, cement & infra due to an extended monsoon season and FMCG due to subdued […]