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Tech View: Nifty forms Piercing Line candle on weekly charts. What should traders do next week

by Mark McDuffie
Tech View: Nifty forms Piercing Line candle on weekly charts. What should traders do next week

Nifty ended Saturday’s small and special trading session 36 points higher to close above 22,500 for the first time in several days. However, a small bodied candle on the daily …

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Tech View: Nifty forms High Wave candle. What should traders do on Saturday

by Mark McDuffie
Tech View: Nifty forms High Wave candle. What should traders do on Saturday

Nifty on Friday ended 62 points higher to form a High Wave type of candle on the daily chart. The index recouped losses of its previous week and is now …

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Tech View: Nifty forms small Hanging Man candle. What traders should do on Friday

by Mark McDuffie
Tech View: Nifty forms small Hanging Man candle. What traders should do on Friday

Nifty ended the Thursday expiry higher by 203 points to close above the 50 and 20-day SMA (Simple Moving Average) and form a small Hanging Man pattern on the daily …

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Tech View: Nifty forms high wave type candle. What traders should do on Thursday

by Mark McDuffie
Tech View: Nifty forms high wave type candle. What traders should do on Thursday

Nifty on Wednesday ended 17 points lower to form a high wave type candle on the daily chart. The index largely traded sideways and failed to generate any significant directional …

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Tech View: Nifty near hurdle zone at 22,300. What traders should do on Wednesday

by Mark McDuffie
Tech View: Nifty near hurdle zone at 22,300. What traders should do on Wednesday

Nifty on Tuesday ended 114 points higher to form a bullish candle on the daily chart and is now approaching the hurdle zone around 22,300 after two days of rebound. …

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Nifty: Holding 21,950 can take Nifty to higher supports: Analysts

by Mark McDuffie
Nifty: Holding 21,950 can take Nifty to higher supports: Analysts

Nifty is facing downward pressure, and a drop below 21,950 is expected to initiate a sell-off towards 21,770, said technical analysts. However, the FII long-short ratio in the index futures …

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Tech View: Nifty faces major hurdle at 21-DEMA. What traders should do next week

by Mark McDuffie
Tech View: Nifty faces major hurdle at 21-DEMA. What traders should do next week

Nifty on Friday ended 98 points higher to form an Inside Bar candlestick pattern on the daily chart. If the headline index manages to hold Thursday’s low of 21,932, a …

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Tech View: Nifty may stage minor pullback. What traders should do on Friday

by Mark McDuffie
Tech View: Nifty may stage minor pullback. What traders should do on Friday

Nifty ended Thursday expiry weaker by 345 points as the index broke below both the lower boundary of its upward channel and the support of the 50-day exponential moving average …

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Tech View: Nifty forms high wave type candle pattern. What traders should do on Thursday

by Mark McDuffie
Tech View: Nifty forms high wave type candle pattern. What traders should do on Thursday

Nifty on Wednesday ended flat to form a high wave type candle pattern, which indicates chances of an upside bounce. The positive chart pattern like higher tops and bottoms is …

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Tech View: Nifty finds support at 50-DEMA. What should traders do on Wednesday

by Mark McDuffie
Tech View: Nifty finds support at 50-DEMA. What should traders do on Wednesday

Nity on Tuesday ended 140 points lower to form a long negative candle pattern with a minor lower shadow on the daily chart and found support around the 50-day exponential …

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