Technical Outlook: Nifty is forming an uptrend on the weekly chart. What traders should do on Monday

On Friday, the headline equity index Nifty formed a small bearish candle with a small bearish shadow on the daily chart and a bullish wave on the weekly chart. Now, the index needs to break above the 18,500 zone to move up towards 18,600-18,881, while supports are placed in the 18,442 -18,250 zone, according to … Read more

Sensex rally today: After 3-day slide, Sensex inches 274 points higher, Nifty ends just below 18,250

After three straight days of losses, Indian equity markets closed higher on Tuesday, led by index heavyweights, IT, banking and consumer stocks. The 30-share Sensex ended 274 points higher at 61,419, while its broader peer Nifty 50 ended slightly below 18,250 after trading in a narrow range with investors awaiting fresh clues on the future … Read more

Tech View: Nifty creates red candles on daily and weekly charts. What traders should do next week

The Nifty headline index, showing support-based buying at the 18,200 zone, made a bearish candle with a long bearish shadow on the daily chart today. A red candle was also seen on the weekly chart, but no major sign of trend reversal was observed. “Nifty needs to hold above 18,250 zone to move towards 18,444 … Read more

Today Sensex: Indices snap 2-day winning streak: Sensex down 230 points, Nifty settles below 18,400

In tandem with weak global cues, major equity indices slipped to a 2-day bullish streak led by HDFC twins and IT stocks and ended lower on Thursday. The 30-share Sensex ended 230 points lower at 61,750, while its broader peer Nifty 50 ended slightly above 18,350. Sensex stocks include Titan, M&M, , HDFC, Dr Reddy’s … Read more