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Tech View: Nifty forms long bearish candle. Here’s how to trade on Wednesday

by Mark McDuffie
Tech View: Nifty forms long bearish candle. Here’s how to trade on Wednesday

Nifty ended Tuesday’s session 6% lower at 21,884.50 to form a long bearish candle on the daily chart and also ended below short-term and medium-term averages. For traders now, 50-day …

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Tech View: Will Nifty hit 24,000 on election result day? Here’s how to trade on D-Day

by Mark McDuffie
Tech View: Will Nifty hit 24,000 on election result day? Here’s how to trade on D-Day

Nifty ended Monday’s trading session 733 points higher with analysts saying that if the election results are better than expected on Tuesday the headline index can even cross the 24,000 …

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Tech View: Nifty forms long-legged Doji candle. What should traders do in election result week

by Mark McDuffie
Tech View: Nifty forms long-legged Doji candle. What should traders do in election result week

Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak, ending 42 points higher at 22,531. The 50-DMA is placed at around the 22,400 …

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trading session: Wider trading range for Nifty likely to be between 22,200 to 22,800: Chandan Taparia

by Mark McDuffie
trading session: Wider trading range for Nifty likely to be between 22,200 to 22,800: Chandan Taparia

“We have seen a profit booking decline in last four-five trading session and supports are slightly shifting lower. However, we are at 23-24 VIX, so wild swing of 200-300 points …

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Tech View: Nifty slips below 21EMA. What traders should do on Friday

by Mark McDuffie
Tech View: Nifty slips below 21EMA. What traders should do on Friday

Nifty ended Thursday with declines of 216.05 points 1% at 22,488.65 led by strong selling pressure in most sectors. The 50-stock index fell for the fifth straight session and is …

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Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry

by Mark McDuffie
Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry

Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart. Support for Nifty is now …

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Tech View: Nifty stiff resistance around 23,000-100. What traders should do on Tuesday

by Mark McDuffie
Tech View: Nifty stiff resistance around 23,000-100. What traders should do on Tuesday

Nifty on Monday ended 25 points lower to form a minor bearish candle on the daily chart. The up move was not supported by the momentum as on the hourly …

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Tech View: Nifty forms Doji candle. What traders should do next week

by Mark McDuffie
Tech View: Nifty forms Doji candle. What traders should do next week

Nifty on Friday ended near the flatline after climbing the 23,000-mark for the first time in history. The index formed a Doji candle during the day after Thursday’s big bull …

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Tech View: Nifty may rally towards 23,500 in short term. What traders should do on Friday

by Mark McDuffie
Tech View: Nifty may rally towards 23,500 in short term. What traders should do on Friday

Nifty ended the Thursday weekly expiry stronger by 370 points at record high levels to form a long bull candle on the daily chart. On the higher end, above 23,000, …

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Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday

by Mark McDuffie
Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday

Nifty on Tuesday ended 27 points higher to form a small positive candle on the daily chart while consolidating in a range between 22,400-22,600 levels. The index continues to hold …

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