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Market’s positive momentum is likely to continue above 23,450, with resistance at 23,700. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday. While BSE Sensex was below 77,600, Nifty50 was above 23,450. At 9:17 AM, BSE Sensex was trading at 77,599.04, down 261 points or 0.34%….
Nifty maintains positive momentum but faces resistance at 23,500-23,600 levels. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Monday morning. While BSE Sensex went below 77,000, Nifty50 was near 23,250. At 9:16 AM, BSE Sensex was trading at 76,843.16, down 663 points or 0.86%. Nifty50…
The bearish pattern of lower peaks and troughs continues. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, resumed their downtrend on Thursday. While BSE Sensex was below 76,500, Nifty50 was near 23,150. At 9:24 AM, BSE Sensex was trading at 76,448.33, down 85 points or 0.11%. Nifty50 was at…
A reasonable negative candle was formed on Nifty’s daily chart on Monday with a minor upper shadow. Technically, this pattern indicates an attempt at a downside breakout of immediate supports of around 23,000 levels, which may not be a good sign and indicates more weakness in the near term. The negative chart pattern like lower…
Market analysts advise against reading too much into the market bounce. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Friday. While BSE Sensex was above 76,700, Nifty50 was above 23,250. At 9:22 AM, BSE Sensex was trading at 76,780.10, up 260 points or 0.34%. Nifty50 was…
Indian equity markets ended Wednesday’s session on a positive note, with the Nifty closing above the 23,100 mark despite volatile trading. The Nifty Index rebounded strongly in the latter half, recovering from an intraday dip of 162.95 points, and formed a hammer candlestick pattern on the daily chart. This pattern signals robust buying interest at…
Nifty on the weekly chart formed a small bullish candle with minor upper and lower shadows on Friday. Technically, this weekly market action signals the formation of a Doji candle pattern. Normally a Doji pattern after a reasonable weakness could be an impending reversal signal post-confirmation. The short-term trend of the Nifty remains weak amidst…
Friday trading will be influenced by financial results from key companies. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, tanked in opening trade on Friday. While BSE Sensex was down oner 450 points, Nifty50 was below 23,200. At 9:18 AM, BSE Sensex was trading at 76,607.41, down 435 points or…
The Nifty formed a red candle on the daily chart on Thursday, but respected the demand zone of 23,460–23,500, settling near the 200-day simple moving average (250-DSMA) support. If the index holds 23,460, a short-term pullback towards 23,800-23,900 is possible. On the higher side, the index will find resistance near the 23,930 mark, where its…
Nifty formed a small red candle on the daily chart on Wednesday with a long lower shadow, technically indicating the formation of a ‘hammer’ type candle pattern. Normally, such hammer formation after a reasonable decline calls for an impending trend reversal on the upside post-confirmation. The short-term trend of the Nifty remains weak. But the…
