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Harmonic Patterns

Candle sticks pattern analysisA bullish candlestick is typically green or white and means the closing price is higher than the opening price, indicating upward momentum. Inversely, a bearish candlestick, generally red or black, signals that the closing price was lower than the opening price, reflecting downward pressure. -If the upper wick on a red candle is short, then it indicates that the stock opened near the high of the day. -On the other hand, if the upper wick on a green candle is short, then it indicates that the stock closed near the high of the day.
NSE:HDFCBANKEducation
by SkyTradingZone
Nifty View **Nifty**, officially known as **Nifty 50**, is a benchmark stock market index in India, representing the weighted average of 50 of the largest and most liquid Indian companies listed on the **National Stock Exchange (NSE)**. ### 🔹 Key Details: - **Full Name:** Nifty 50 (National Stock Exchange Fifty) - **Launched:** April 22, 1996 - **Managed By:** NSE Indices Limited (a subsidiary of NSE) - **Base Year:** 1995 - **Base Value:** 1000 points - **Index Type:** Broad-based market index - **No. of Companies:** 50 --- ### 🔸 Sectors Covered: Nifty 50 includes companies from **14 sectors** such as: - Financial Services (largest weight) - Information Technology - Consumer Goods - Oil & Gas - Automobiles - Pharma - Metals - Telecom - Power --- ### 🔹 Top Companies in Nifty 50 (as of early 2025): 1. **Reliance Industries** 2. **HDFC Bank** 3. **ICICI Bank** 4. **Infosys** 5. **TCS** 6. **Larsen & Toubro (L&T)** 7. **Kotak Mahindra Bank** 8. **ITC** 9. **Hindustan Unilever** 10. **Bharti Airtel** --- ### 🔸 Importance of Nifty 50: - Used as a **benchmark index** for mutual funds and ETFs. - Represents the **health of the Indian equity market**. - Attracts **domestic and global investors**. - Indicates the **market sentiment** and overall economic conditions. --- ### 🔹 Nifty 50 Derivatives: - **Nifty Futures & Options (F&O)** are among the most traded derivatives in India and Asia. - Widely used by traders for hedging and speculation. ---
NSEIX:NIFTY1!
by TheGoldenFarmsofEquity