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support levels

Tech view: Move above 24,700 likely to signal upside in Nifty. How to trade tomorrow

by Mark McDuffie
Tech view: Move above 24,700 likely to signal upside in Nifty. How to trade tomorrow

A small negative candle was formed on the daily chart at the new swing lows of 24,341 with minor upper and lower shadows. Technically, this pattern indicates the formation of …

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Tech View: Nifty forms high wave type candle on weekly chart. Here’s how to trade next week

by Mark McDuffie
Tech View: Nifty forms high wave type candle on weekly chart. Here’s how to trade next week

Nifty formed a small negative candle on the daily chart with minor upper and lower shadow to indicate continuation of narrow range movement in the market. The weekly scale saw …

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Tech view: Nifty shows signs of bounce back, in process to form double bottom. How to trade tomorrow

by Mark McDuffie
Tech view: Nifty shows signs of bounce back, in process to form double bottom. How to trade tomorrow

A long bull candle was formed on the daily chart, which indicates that the market is on the verge of showing an upside bounce. It was observed that Nifty is …

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Dalal Street Week ahead: Is Nifty 50 poised for a short-term recovery?

by Mark McDuffie
Dalal Street Week ahead: Is Nifty 50 poised for a short-term recovery?

On the back of one of the major FII selloffs seen in recent times, the markets succumbed to strong corrective pressure through the week and ended the week on a …

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Tech View: Short covering rally takes Nifty beyond 24K. Here’s how to trade on Friday

by Mark McDuffie
Tech View: Short covering rally takes Nifty beyond 24K. Here’s how to trade on Friday

After forming fourth successive bull candles on the daily chart, Nifty ended June derivative series above the 24,000-mark for the first time ever amid short covering. The underlying trend of …

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axis bank shares: Options Radar: Deploy Bull Call Spread on Axis Bank as outlook not very aggressive

by Mark McDuffie
axis bank shares: Options Radar: Deploy Bull Call Spread on Axis Bank as outlook not very aggressive

Axis Bank has been in a broad range since November 23 and has been fluctuating between Rs 1,021.60 mark on the lower side, and Rs 1,150.95 on the upper side. …

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