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NEW DELHI: Nifty50 on Tuesday rose for the sixth straight day. The index failed to capitalise on a gap-up start and remained range-bound before eventually ending up, forming an indecisive candle on the daily scale. There is no sign of…

Nifty50 on Friday climbed for the fifth straight day. The index formed a small bullish candle on the daily chart and a long bullish candle on the weekly chart, the fourth in a row. Analysts said the bulls need to be cautious at this…

The Nifty50 closed in the green for the second consecutive day on Monday to close above its crucial resistance level of 17,500. It formed a strong bullish candle on the daily charts, suggesting demand at lower levels. The Nifty50 closed…

In the previous technical commentary and forecast, it was anticipated that this week may see some ranged consolidation. It was also expected that such consolidation may have ranged moves and some profit-taking bouts from the higher…

The risk in global markets has posed several challenges to the Indian rupee versus the US dollar. The Indian currency breached 80 dollar level last month. USDINR declined 6.14% on a year-to-date basis. Most of its emerging market peers…

The markets had a strong week much on the expected lines. In the previous weekly note, it was categorically mentioned that the markets may resume their up move after a brief period of consolidation. Over the past five sessions, the…

The Nifty50 on Friday snapped a four-day losing streak and ended above its 50-day simple moving average. The index formed a bullish candle on the daily chart with a long-lower wick, suggesting a Hammer-like reversal candle. With this,…

After taking a breather in the week before this one, the equity markets resumed their up move. The headline index continued with its pullback and moved past a few important levels while protecting the key supports. Over the past five…

Nifty50 on Friday formed a Hammer-like candle on the daily chart. On the weekly scale, it made a bearish candle with a long lower wick. Analysts said the index is in a consolidation range, wherein it has strong support in the…

Nifty50 on Thursday saw selling pressure near 15,900 level, as it eventually closed near its opening levels, forming a Long Legged Doji on the daily chart. Such a candle suggests indecisiveness among traders. Analysts said the index…