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nifty bank

Tech View: Bullish crossover in RSI highlights Nifty’s strength. What traders should do on Thursday

by Mark McDuffie
Tech View: Bullish crossover in RSI highlights Nifty’s strength. What traders should do on Thursday

Nifty on Wednesday ended 36 points higher to form a small positive candle with minor upper and long lower shadow on the daily chart. The short-term trend of Nifty continues …

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Tech View: Nifty forms small green candle on daily charts. What traders should do on Wednesday

by Mark McDuffie
Tech View: Nifty forms small green candle on daily charts. What traders should do on Wednesday

As Nifty ended 46 points higher, a small green candle was formed on the daily charts, that closed above the high of Doji candle of Monday. Analysts see it as …

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nifty charts: Tech View: Nifty charts hint at further rebound. What traders should do on Tuesday

by Mark McDuffie
nifty charts: Tech View: Nifty charts hint at further rebound. What traders should do on Tuesday

As Nifty ended comfortably above the 19,500-mark, a small positive candle with a long lower shadow was formed on the daily charts. Having formed such a pattern after one session …

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Tech View: Nifty ends in green after 5 weekly losses. What traders should do on Monday

by Mark McDuffie
Tech View: Nifty ends in green after 5 weekly losses. What traders should do on Monday

Indicating the potential of a bullish reversal, Nifty on Friday moved above the 21-EMA after a gap of several days and formed a long bull candle on the daily charts. …

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Tech View: Nifty may break below 18,300 in near term. What traders should do on Friday

by Mark McDuffie
Tech View: Nifty may break below 18,300 in near term. What traders should do on Friday

Nifty on Thursday ended 57 points lower to form a significant bearish engulfing candle pattern on the daily chart, indicating potential weaknesses ahead. Thursday’s move signals chances of Nifty sliding …

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Tech View: Nifty forms Doji candle ahead of weekly expiry. What traders should do on Thursday

by Mark McDuffie
Tech View: Nifty forms Doji candle ahead of weekly expiry. What traders should do on Thursday

Nifty ended about 48 points higher ahead of the weekly expiry to form a Doji candle. With ADX and MACD inclined on the negative side, traders must be cautious in …

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nifty charts: Tech View: Conviction missing from timid Nifty. What traders should do on Wednesday

by Mark McDuffie
nifty charts: Tech View: Conviction missing from timid Nifty. What traders should do on Wednesday

As Nifty ended flat on Monday, a small negative candle was formed on the daily chart with minor upper shadow. Technically, this market action indicates range-bound movement in the market …

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Tech View: Nifty takes support near 50-DMA. What traders should do on Tuesday

by Mark McDuffie
Tech View: Nifty takes support near 50-DMA. What traders should do on Tuesday

India VIX was down by 1.48% from 12.14 to 11.96 levels. Volatility rose above 12.5 during the day and later cooled off and comforted the bulls.Options data suggests a broader …

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Tech View: Nifty charts hint at non-directional nature. What traders should do on Friday

by Mark McDuffie
Tech View: Nifty charts hint at non-directional nature. What traders should do on Friday

After ending about 100 points lower at 19,365, Nifty on Thursday formed an Inside Bar candle on the daily chart. Now, till it holds below 19,420 zones some more profit-booking …

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