Nifty has given a green candle after a fall of more than 3% in the week.
It is given a retracement after the fall and the fall may continue as global sentiment are also showing negativity.
Moving averages are also showing bearishness as nifty has closed below Weekly 20 ema but took support from daily 200 ema. If the daily level is broken, selling may...
Nifty has given a nice bullish move of 2% on the weekly charts and has closed above 19800 levels.
There is a nice bullish marubozu candle on the weekly charts and it has come after a consolidation.
On the daily charts, market hit our targets on 19850 and reversed after hitting the target and has closed 92 points high forming a doji candle on the high.
Again nifty after a gap up opening couldn't sustain above the 20 ema and in the second half of the trading session came for selling, closing flat.
On the hourly time frame, market took support from 200 ema and showed some positivity but couldn't sustain and came for selling closing below both the moving averages.
Market has reversed after testing the 61.8% fib...