[ad_1] New Delhi: Nifty 50 broke the 16,000 mark intraday for the second consecutive session on Wednesday, closing just below psychological levels. The index formed a bullish candle on the daily chart which almost took hold of the negative candle of the previous session. Technically, according to Nagraj Shetty, this indicates a disregard for bearish […]
Nifty 50: Tech View: Nifty 50 remains in consolidation range; bias positive
[ad_1] New Delhi: Nifty 50 broke a three-day losing streak on Monday as it formed a bullish candle on the daily chart. Analysts said the index may remain in a consolidation range with a positive bias till it breaks the 15,900 level with a decisive upside bias. They see strong support for the index at […]
Tech View: Nifty 50 bulls not ready to give up; momentum positive
[ad_1] nifty 50 It closed below the 15,800 mark on Wednesday, even though it formed a minor bullish candle on the daily chart. Analysts said the index has corrected in the last few sessions after the gap-down started, which is positive. Additionally, he noted that selling pressure is being absorbed near a major moving average. […]
Wait for more signs before turning positive
[ad_1] At a recent low of 12514 points, the Sensex has tested the 12800-12000-mark support area and has attempted a corrective rally since then. During the previous trend phases in the Sensex, a Monthly Moving Average Convergence/Divergence (MACD) cross-down below its trigger line, typically, has caused a significant price erosion, with a corrective phase lasting […]
Equity Mutual Funds are witnessing positive momentum; Rs 18,529 crore inflow recorded in May
[ad_1] Equity mutual funds attracted a net amount of Rs 18,529 crore in May, tracking positive momentum for the 15th consecutive month amid heavy volatility in stock markets and continued selling by foreign portfolio investors (FPIs). This was much higher as compared to net inflows of Rs 15,890 crore in April, data from the Association […]