Nifty Trading StrategyThe market easily wiped out the previous week's gains in a single day, declining 1.3 percent and finally testing the August low on November 4, forming a bearish candlestick pattern on the daily charts, which indicates weakness. If the index sustains below the psychological 24,000 mark, the next downside target to watch is 23,500, which coincides with the 200-day EMA (Exponent...

Nifty Trade SetupThe market remained rangebound for another session and closed slightly below 24,400, with marginal losses on the Nifty 50 on October 24, extending its southward journey for the fourth consecutive day. Considering the formation of Inverted Hammer and Doji patterns in the last couple of days, some bounce cannot be ruled out in the upcoming sessions. However, the overall trend remain...

Nifty Trade SetupThe market extended its downward journey amid rangebound trade for yet another session on October 16, with the Nifty 50 falling below the 25,000 mark, losing 86 points. The index has been trading within a range of 24,900 to 25,200 for the last six days, and it needs to decisively breach either side of this range for a clearer direction. A move above 25,200 could lead to a test of ...

After a flat opening, weighed down by weak global cues and a lack of fresh triggers, indices lost steam and slid into the red by midday on October 16 amid a broad-based market decline. IT, auto, and FMCG stocks were the biggest laggards on Nifty 50.At 12.15 PM, the Sensex was down 351 points or 0.4 percent at 81,468 and the Nifty was down 107 points or 0.4 percent at 24,950. About 1,535 shares adv...

Nifty Trade SetupThe market gained strength after a three-day consolidation, climbing seven-tenths of a percent on October 14 with a further decline in volatility. The Nifty 50 formed a bullish candlestick pattern on the daily charts and managed to close above the 50-day EMA (Exponential Moving Average) at 25,050. As long as it sustains above this level, an upward rally towards the 25,200-25,300 r...