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tech view

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

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

Nifty on Friday ended 234 points lower to form a Doji candle on the weekly scale. On the daily charts, the index closed below the lows of the previous 3 …

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

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

Nifty on Wednesday formed a high wave type candle on the daily chart as it ended the session 111 points higher. Nifty is currently placed at the hurdle of around …

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Tech View: Nifty may consolidate within a range. What traders should do on Tuesday

by Mark McDuffie
Tech View: Nifty may consolidate within a range. What traders should do on Tuesday

Nifty on Monday ended 153 points higher to form a green candle on the daily chart while registering a new all-time high. Positive chart patterns like higher tops and bottoms …

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Tech View: Nifty 50 in consolidation mode; what’s the trade set-up for next week?

by Mark McDuffie
Tech View: Nifty 50 in consolidation mode; what’s the trade set-up for next week?

It turned out to be a rather listless session for domestic equities, with the Nifty 50 ended flat as the Reserve Bank of India’s policy announcements had no major fireworks. …

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Tech View: Nifty showing non-directional trend on charts; what should traders do on Thursday

by Mark McDuffie
Tech View: Nifty showing non-directional trend on charts; what should traders do on Thursday

The Nifty 50 ended on a flat note after a volatile session on Wednesday as mixed cues from global markets triggered profit booking. Rollover of positions to the May derivative …

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

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

Nifty on Monday ended 135 points higher to form a Doji candle on the daily chart with the index trying to break above the crucial overhead resistance of 22,500-22,550 levels. …

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Tech View: Nifty forms long wick candle. What should traders do on Monday

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

Nifty on Thursday ended 203 points higher to form a reasonable bull candle with a long upper shadow on the daily chart, reflecting selling pressure near all-time highs around 22,500 …

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Tech View: Nifty stuck in narrow range. What should traders do on Wednesday

by Mark McDuffie
Tech View: Nifty stuck in narrow range. What should traders do on Wednesday

Broadly trading in the range of 21,880- 22,200 since the last three trading sessions, Nifty on Tuesday ended 92 points lower at the 22K-mark. Immediate support was seen at 21,850, …

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Tech View: Nifty forms small green candle on weekly chart. What traders should do next

by Mark McDuffie
Tech View: Nifty forms small green candle on weekly chart. What traders should do next

Nifty on Friday ended 85 points higher to form a green candle with a minor upper shadow on the daily chart. On the weekly scale, a small positive candle with …

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Tech View: Nifty RSI gives bearish crossover. What should traders do on Thursday?

by Mark McDuffie
Tech View: Nifty RSI gives bearish crossover. What should traders do on Thursday?

Nifty on Wednesday ended 22 points lower to form a Doji candle on the daily charts which indicates chances of a minor pullback rally. Minor degree positive chart patterns like …

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