INDEX

Nifty Daily View: After completion of the corrective upward pattern, Nifty has formed bar reversal formation. Its a bearish formation for the market as in this case buyers loses their entire grip on the market. We can expect further weakness in the near term. The strategy should be to sell Read more…

The market has narrowed the trading range. The strategy should be to buy if it corrects to 9250/9260 with a final stop loss at 9150. On the higher side, resistance exists at 9300 and at 9350. Below the level of 9150, Nifty may slide to 9100-9080 levels.

The market has formed the Doji Star formation at the bottom of the recent fall. Till the market is not crossing the level of 9350, it would act as a negative continuation formation. However, in todays date if we see the Nifty is crossing 9275 then the possibilities to hit Read more…