Nifty ended Tuesday's session 218 points higher, forming a Piercing Line candle. The underlying short-term trend is on the ...
The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,435 ...
Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas, noted that on the daily charts, Nifty 50 formed a Piercing line candle stick pattern which has bullish implications.
The immediate support for Nifty 50 is placed at 24,000, followed by 23,800, which is crucial support because if the index ...
Similarly, the Nifty is seen testing support around its 20-WMA (Weekly Moving Average) which stands at 24,650 levels. Further ...
The Nifty options data reflects a cautious outlook, with call writing significantly outpacing put activity, says Dhupesh ...