Nifty snaps eight-day winning streak; financials and realty worst affected
Nifty snaps eight-day winning streak; financials and realty worst affected
Adani Ports, L&T, and Infosys emerged as the top gainers amongst Nifty 50 stocks.
Indices faced a severe sell-off before the weekend as Nifty tumbled 1.10 per cent to close below the 17,800 level. Sensex plunged over 650 points while the broader indices also faced similar havoc.
Bank Nifty on the verge of trendline breakout; know the key breakout level!
A move above 34,355 is positive, and it can test 34,565. However, a move below 34,200 is negative, and it can test 33,980.
On Wednesday, Bank Nifty jumped 1.5 per cent and closed decisively above the important psychological mark of 34,000.
Bank Nifty caught between rock and a hard place; 21-EMA is crucial!
Bank Nifty took support at 21-EMA for the day, which is placed at 33,815. A decline below this will be negative for the index.
After a solid start, Bank Nifty registered an intraday high of 34,361; however, it fell from grace and declined sharply by 600 points from the day’s high.
A perfect set-up for Bank Nifty to extend its gains! Know the key levels for the day!
The price structure looks bullish for now as the index has formed a sizeable bullish candle and decisively, closed above the 20-DMA.
Monday’s trading session turned out to be a marvellous one for Bank Nifty as it closed with gains of over 1 per cent i.e. above the sloping trendline resistance and marked its highest closing level after June 13.
Will Bank Nifty continue its resilient act? Know key levels for the day!
On the weekly chart, it’s undergoing the formation of a dark cloud cover-like candlestick pattern.
Bank Nifty was observed to be resilient on a monthly expiry day as it gained nearly half a per cent.
Bank Nifty bulls need to battle hard to recapture its important psychology mark of 34,000!
Any negative opening and slipping below the 33,600 level will have a bearish implication.
On Tuesday, Bank Nifty ended with a loss of half a per cent. It opened at 33,578 and closed at the level of 33,642.
Bank Nifty forms a bearish belt hold candlestick pattern; know the significant support level to watch out for!
Bank Nifty has formed a bearish candle and took support at the MA ribbon.
Bank Nifty found resistance around the 20-DMA and thereafter, it declined 400 points from the day’s high before settling with a modest gain of over half a per cent.
Bank Nifty ends its three-week losing streak; can bulls capitalise on the positive move of last week?!
Bank Nifty jumped 2.7 per cent last week and formed an inside bar on the weekly timeframe.
Bank Nifty may open positive. After an hour, if it trades above 33,840, it’s a positive sign that may test 34,340.
Find out which level is crucial for Bank Nifty after a volatile day!
he current price structure has taken shape of a pennant-like pattern, which is a continuation pattern.
Bank Nifty has formed a long-legged small body candle. After over 800 points of volatility, it failed close above the 8-EMA.
Is Bank Nifty ready for an impulsive move? Know the crucial levels to watch out for intraday trades!
Unless it closes above 33,110, it is better to avoid long positions.
Bank Nifty on Wednesday closed in negative terrain and confirmed the previous day's shooting star candle. It has also moved below the previous day's low during the day.
Can Bank Nifty lift the spirits of bulls? Know the key levels to watch out for today!
A move above 32,890 is positive and it can test 5-EMA of 33,189.
After a sharp decline, Bank Nifty was able to close in the green on Friday. It closed at the lowest level after May 2021, which is below the prior swing low.
Bank Nifty closed below its prior swing low; what next?
Bank Nifty futures volume indicates massive selling pressure.
On Thursday, Bank Nifty declined by a humongous 722 points or 2.17 per cent. With this sharp fall, it closed below its prior swing low, which was last marked in mid-May.