[ad_1] New Delhi: It was a strong week for Dalal Street that saw four out of every five stocks from the broader index BSE500 Oil expected to end higher amid softening prices US Fed If the economy suffers a big loss, the rate hike may be slow. 23 index stocks gained 10-23 per cent during the period, some of which reported strong quarterly business updates ahead of the June quarter earnings season. For the week, the BSE 500 index closed at 22,028.14, up 688 points or 3.22 per cent from…
Tag: bulls
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. Analysts said the momentum remains positive. “In terms of levels, 15,700 is acting as key support. As long as Nifty 50 remains above 15,700 on a close basis, positive action is expected in the coming…
Market Outlook: 3 freaks that could make life difficult for Nifty bulls in the next 6 months
[ad_1] New Delhi: Despite the recent fall, both the US market and the broader market in India are in the grip of a strong bearish downturn. nifty However, it is underperforming as the headline index is still around 1,000 points away from entering the much-awaited bear territory. With global interest rates hiked by central banks, inflation concerns are now turning into a recession. A mid-year survey of a dozen brokerages by ETMarkets shows that many analysts are not ruling out a further drop of 5-10 per cent within calendar year…
Tech View: Nifty 50 bulls gain more, 15,850 key hurdles ahead
[ad_1] nifty 50 Friday saw a gap-start but could not add much to the gains. The index ended with a small bullish candle forming on the daily chart. It ended with a ‘harami’ candle forming on the weekly chart. Independent Analyst Manish Shah said that the weekly pattern is a bullish reversal pattern and one can assume that Nifty 50 will see some bounce in the coming days. “On the daily time frame, Nifty 50 has not made any new lows since June 16. The reluctance to trade below the…
Nifty 50: Tech View: Nifty 50 bulls uncertain; Inverted shadow 15,700 . Feather
[ad_1] nifty 50 An erratic Spinning Top candlestick formed on the daily chart on Thursday. Analysts said the index has entered a consolidation phase that could last for a few days unless the broader 15,350-15,700 range is decisively exited. Mazhar Mohamed of chartviewindia.in says the index is finding some support at 15,380. This is the lower end of the Bullish Gap zone registered on June 21, adding that as long as it remains above 15,382 on a counter closed basis, hopes of a pullback rally are alive. “If Nifty 50…