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tech view

Tech View: Nifty forms Inside Bar candle in pullback rally. What traders should do on Friday

by Mark McDuffie
Tech View: Nifty forms Inside Bar candle in pullback rally. What traders should do on Friday

Nifty on Thursday ended 149 points higher to form an Inside Bar candle on the daily chart as it consolidated around the lower half of the previous session’s candle on …

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Tech View: Nifty breaches 20-DEMA, trendline support. What should traders do on Thursday expiry

by Mark McDuffie
Tech View: Nifty breaches 20-DEMA, trendline support. What should traders do on Thursday expiry

Nifty on Wednesday ended 338 points lower to slip below its immediate support of the short-term moving average i.e. 20-DEMA and also breached the trendline support. The bullish pattern like …

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

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

Nifty on Tuesday ended flat to form an indecisive Doji candle on the daily charts. The immediate resistance for Nifty is at 22,500, and a break above this on a …

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Tech View: No panic till Nifty holds above 22,000. What should traders do on Tuesday

by Mark McDuffie
Tech View: No panic till Nifty holds above 22,000. What should traders do on Tuesday

Nifty on Monday fell 161 points to form a bearish engulfing pattern on the daily charts to hint at a short-term top reversal for the market. The short-term trend of …

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Tech View: Nifty call writers increase positions at 22,500 strike. What should traders do next week

by Mark McDuffie
Tech View: Nifty call writers increase positions at 22,500 strike. What should traders do next week

Nifty on Thursday ended 19.5 points higher to form a Doji candle on the daily chart as it stayed below the psychological 22,500 mark, with call writers at the 22,500 …

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

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

Nifty ended 27 points higher above the 22,400 level on Monday to form an indecisive Doji candle on the daily charts. Any dips from here could be a buying opportunity …

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Tech View: Nifty target shifts to 22,500. What traders should do on Wednesday

by Mark McDuffie
Tech View: Nifty target shifts to 22,500. What traders should do on Wednesday

Nifty on Tuesday made a fresh peak and ended 75 points higher near the 22,200 mark to form a long bull candle on the daily charts. The index has been …

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Tech View: Nifty forms long red candle on daily chart. What traders should do on Friday

by Mark McDuffie
Tech View: Nifty forms long red candle on daily chart. What traders should do on Friday

Nifty on Thursday fell over 200 points to form a strong bearish candle on the daily chart, which might negate the intermediate bullish undertone. The short-term trend of Nifty seems …

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Tech View: Nifty awaiting upside breakout. What traders should do on Thursday expiry

by Mark McDuffie
Tech View: Nifty awaiting upside breakout. What traders should do on Thursday expiry

Nifty on Wednesday ended flat with a gain of just one point and formed a small negative candle with a lower shadow on the daily chart ahead of the RBI …

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Tech View: Nifty forms bearish shooting star candle. What traders should do next week

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

Nifty on Friday ended 156 points higher to form a candle resembling bearish shooting star on the daily chart. The short-term uptrend status of Nifty remains intact. But, the overall …

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