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tech view

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 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 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 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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Tech View: Nifty bulls using every dip to go long. What traders should do on Friday

by Mark McDuffie
Tech View: Nifty bulls using every dip to go long. What traders should do on Friday

The short-term trend of Nifty is choppy with range-bound action. Any upside from here could encounter strong resistance around 22,800 levels. Immediate support is at 22,550 levels and a slide …

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Tech View: Nifty forms Shooting Star candle. What should traders do on Thursday

by Mark McDuffie
Tech View: Nifty forms Shooting Star candle. What should traders do on Thursday

Nifty on Wednesday ended about 39 points lower to form a Shooting Star pattern on the daily chart to indicate a strong possibility of further weakness from current levels. The …

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Tech View: Nifty forms long bull candle. What traders should do on Tuesday

by Mark McDuffie
Tech View: Nifty forms long bull candle. What traders should do on Tuesday

Nifty on Monday ended 223 points higher to form a long bull candle on the daily chart as it challenged the crucial hurdle of 22,500 levels. The short-term uptrend of …

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Tech View: Nifty charts throw up dark clouds. What traders should do next week

by Mark McDuffie
Tech View: Nifty charts throw up dark clouds. What traders should do next week

Nifty on Friday ended 150 points lower to form a dark cloud cover candlestick on the daily chart, while the weekly one saw a high wave type candle, suggesting consolidation …

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Tech View: Nifty forms bullish reversal pattern. What traders should do next week

by Mark McDuffie
Tech View: Nifty forms bullish reversal pattern. What traders should do next week

Nifty on Friday ended 151 points higher after four successive days of decline and formed a bullish reversal pattern on the daily chart. The psychological mark of 22,000 holds intermediate …

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Tech View: Nifty charts hint at recovery from support levels. What should traders do on Thursday

by Mark McDuffie
Tech View: Nifty charts hint at recovery from support levels. What should traders do on Thursday

Nifty on Tuesday ended 125 points lower to form a bearish candle on the daily chart as it recorded losses for the third straight session. The short-term trend remains weak. …

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