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nifty technical charts

Tech View: 100 DEMA to play key support for Nifty, buy on dips recommended. How to trade on Friday

by Mark McDuffie
Tech View: 100 DEMA to play key support for Nifty, buy on dips recommended. How to trade on Friday

Nifty started Thursday on a negative note and stayed under pressure throughout the day, settling negatively at 24,549 levels. The volatility index India VIX dropped by 0.58% to 13.19 levels, …

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Tech View: What expansion of outer Bollinger band in Nifty indicates for Thursday’s trade

by Mark McDuffie
Tech View: What expansion of outer Bollinger band in Nifty indicates for Thursday’s trade

Indian benchmark equity indices traded in a narrow range and managed to close in the green. Nifty broke its three-session losing streak and settled at 24,641.80, gaining by 31.75 points …

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Tech View: Nifty forms another Doji candle. What traders should do on Wednesday

by Mark McDuffie
Tech View: Nifty forms another Doji candle. What traders should do on Wednesday

Indian benchmark indices ended flat with Nifty declining for the third day in a row amid selling pressure in auto and pharma stocks while the S&P BSE Sensex just managed …

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Tech View: Nifty forms a spinning top candle on daily chart. What traders should do on Thursday

by Mark McDuffie
Tech View: Nifty forms a spinning top candle on daily chart. What traders should do on Thursday

Indian benchmark indices ended marginally positive on Wednesday while maintaining their four-session winning streak amid strong buying trends in banks and financial stocks. While the S&P BSE Sensex settled at …

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Tech View: Nifty sustains above 21-EMA. Here are cues for Wednesday’s trade

by Mark McDuffie
Tech View: Nifty sustains above 21-EMA. Here are cues for Wednesday’s trade

Indian headline indices gained for the third straight session on Tuesday led by heavyweights HDFC Bank and Reliance Industries (RIL), which were the top contributors to the index. While the …

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Tech view: 24,500 crucial resistance in Nifty, buy on dips recommended above 24,000. How to trade on Thursday

by Mark McDuffie
Tech view: 24,500 crucial resistance in Nifty, buy on dips recommended above 24,000. How to trade on Thursday

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 …

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Tech view: Nifty forms Doji candle; a break below 23,500 likely to push index lower. How to trade on Monday

by Mark McDuffie
Tech view: Nifty forms Doji candle; a break below 23,500 likely to push index lower. How to trade on Monday

Technically, the Nifty 50 index on Thursday formed a Doji candle near its 200-day exponential moving average (DEMA) support on the daily chart, indicating uncertainty. The 200-DEMA is placed around …

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Tech View: Nifty’s short-term trend remains weak, key support at 23,500. How to trade tomorrow

by Mark McDuffie
Tech View: Nifty’s short-term trend remains weak, key support at 23,500. How to trade tomorrow

A long negative candle was formed on the Nifty daily chart on Tuesday, placed near the recent swing low of 4th November around 23,816 levels. Technically, this pattern indicates a …

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Tech View: Nifty short-term trend remains choppy, next support at 23,800. How to trade on Monday

by Mark McDuffie
Tech View: Nifty short-term trend remains choppy, next support at 23,800. How to trade on Monday

A small negative candle was formed on the daily chart of Nifty on Friday with a minor lower shadow. Technically, this pattern indicates a choppy movement in the market. Having …

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Tech View: Nifty forms red candle on daily chart, suggesting weakness. What traders should do on Friday

by Mark McDuffie
Tech View: Nifty forms red candle on daily chart, suggesting weakness. What traders should do on Friday

Indian headline indices closed in the red on Thursday, registering their second successive decline. They were dragged by IT, FMCG and bank stocks. While Nifty finished at 24,205.35, going down …

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