
A break below 16150 will escalate the selling pressure and the index can drift towards 15800 followed by 15500 levels.
As long as the index is trading below 16350, the selling pressure is likely to continue. Below which, the correction…
Global markets will likely stabilise post geopolitical turmoil and central bank rate hikes, helping Indian share markets touch new highs…
Going forward, the market is expected to remain uncertain with its wild moves until the geopolitical concerns fade away
Till Nifty remains below 16666 zones, bounce could be sold with hurdle of 16800 for a downside move towards 16400…
Sustainable buying could emerge only above 17000 mark.
The dismissal of 16600/55800 in Nifty and Sensex could possibly trigger one more correction wave till 16500-16350/55500-55300.
The weekly price action formed a bear candle in NSE’s Nifty 50 index in carrying lower high-low, indicating extended correction
Nifty Put options OI distribution shows that 16500 has highest OI concentration followed by 16600 & 16200 which may act…
Traders avoid aggressive buying interest till there is stability in global markets, oil price and any peace development between Russia-Ukraine.
The upper band for Nifty is capped near 17100 and once the gap gets filled then the range might extend…
The formation of a weak pattern immediately after the sustainable upside from the lower support may not be a good…
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