The Nifty could see a subdued opening, largely tracking the trends on the SGX Nifty, but global markets’ move could keep the Street on its feet. Frontline indices witnessed a major correction on Friday, with the Nifty closing 157.50 points lower at 9,964.4. The 50-share index, which started with a gap on the lower side, witnessed sustained selling pressure from ... Read More »
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The Nifty50 which started on a flat note gained momentum but remained volatile throughout the trade on Thursday and closed with marginal gains. The index remained choppy for the most part of the trading session and finally closed with the marginal gains of 7 points at 10,086.60. It rose marginally to 10,126.50 but then witnessed selling pressure which took the ... Read More »
The Nifty50 is likely to open higher on Wednesday tracking positive handover from Wall Street. The Nifty50 closed 11 points higher at 9,765 on Tuesday. The index failed to close above its crucial 50-DEMA for the second day in a row on Tuesday which does not auger well for the bulls. For the index to pick momentum, 9800-9850 becomes crucial ... Read More »
The Nifty is likely to open higher on Thursday, tracking positive handover from Wall Street. The Nifty closed 30 points higher at 9,816 on Wednesday. The index formed a small bullish candle and negated negative pattern of shooting star formed in the previous session. The index moved in the trading range of the previous session, but the bulls managed to ... Read More »
The Nifty50 is likely to open flat on Wednesday in absence of major cues as Wall Street remained shut on account of public holiday. The Nifty50 closed 1.7 points lower at 9,613 on Tuesday. The index formed a bearish candle on the charts after a small bullish candle which suggests indecisiveness among the bulls as well as bears. But, the ... Read More »
The Nifty is likely to open lower on Wednesday after a weak handover from Wall Street. The Nifty closed 4 points lower at 9,653 on Tuesday. The index managed to close above its crucial support level of 9,650 and made a small-bodied candle on the daily candlestick charts. To gain momentum, the index has to surpass its crucial resistance level ... Read More »