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Technical Analyst

Tech View: Nifty ends above 21 EMA. What traders should do on Thursday

by Mark McDuffie
Tech View: Nifty ends above 21 EMA. What traders should do on Thursday

Nifty ended Wednesday with gains of 735.85 points or 3.36% and settled at 22,620.35 led by strong buying activity across sectors but more prominently in banks and autos. The 50-stock …

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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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bank nifty: Don’t short Bank Nifty till it drops below 44,500: Rupak De

by Mark McDuffie
bank nifty: Don’t short Bank Nifty till it drops below 44,500: Rupak De

Bank Nifty has not been displaying significant momentum, primarily due to the lackluster performance of the heavyweight HDFC Bank. Rupak De, Senior Technical analyst at LKP Securities, says it may …

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