Tech View: Nifty forms bearish candles for 3 days in a row. What traders should do on Friday
Headline equity index Nifty formed a bearish candle with a longer shadow, indicating support-based buying on weekly F&O expiry day. The index has formed bearish candles for three consecutive days. Now, till it holds below 17,950 zones, weakness could be seen towards 17,777 then 17,700 zones, whereas hurdles are placed at 18,018 and 18,081 zones, […]
Tech View: Nifty forms Inside Bar candle on weekly charts. What traders should do next week
After making lower highs for the last three sessions, Nifty formed a bearish candle and an Inside Bar on the weekly charts. Now, till it holds below 17,950, weakness could be seen towards 17,777 and 17,650 zones whereas hurdles are placed at 17,950 and 18,081 zones, said Chandan of . Indicators such as RSI and […]
Tech View: Buying at lower levels cheering Nifty bulls. What investors should do on Tuesday
“The short-term trend of Nifty is weak with high volatility. The emergence of sharp buying interest from near the lows could be a cheering factor for the bulls to make a comeback. Hence one may expect Nifty to retest the hurdle of 17400 levels in the near term,” said Nagaraj Shetti, Technical Research Analyst, Securities. […]
Traders find haven from global stock gloom in Southeast Asian markets
As global equities struggle after the Federal Reserve’s latest hawkish rhetoric, Southeast Asia’s growth outlook is making the region an investor favorite. Man Group Plc, SA and Credit Suisse Group AG are among those touting the region’s resilience after commentary at Jackson Hole reignited a worldwide selloff over the past week. The benchmark MSCI Asean […]