Indian benchmark index Nifty is trading positive to range bound at the start of the June series. Around noon Nifty was trading at 22,522 up 35 points or  0.15 percent."Nifty has been trading within an upward-sloping parallel channel and now it has just reversed from the upper end of the channel, " said Jay Thakkar - Head Derivatives and Quant Research at ICICI Securities.Thakkar believes that the...

Indian benchmark indices face strong selling pressure seen on Friday 12 April, with Nifty down to 22,600. Nifty is facing strong resistance in the vicinity of 22800. As per experts, the Options matrix is hinting at an upside up to 23,000/ 23,200 levels once 22,800 is decisively crossed. Till then 22,500-22,800 consolidation range holds.Rahul Ghose, CEO of Hedged. in, recommends taking a Nifty Modi...

Nifty started the week on a negative note and traded with extreme volatility on either side throughout the week. Nifty closed at 17186 with a loss of 129 points on a weekly basis. On the weekly chart, the index has formed a small bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and su...

NSE Nifty 50 index witnessed selling pressure throughout the week, dragging the index to close at its lowest point. Nifty closed at 16202 with a loss of 151 points on a weekly basis. On the weekly chart the index has formed a long bearish candle forming lower High-Low compared to previous week indicating weakness at current levels.The chart pattern suggests that if Nifty 50 index breaks below 16...

NSE Nifty 50 started the previous week on a negative note and traded with extreme volatility on either side throughout the week. Nifty 50 index closed at 16,584 with a gain of 232 points on a weekly basis. On the weekly chart, the NIfty 50 index has formed a “Doji” candlestick formation indicating indecisiveness amongst market participants regarding the direction.The  chart pattern suggests...