[ad_1] The market posted healthy gains and successfully reclaimed the 50-day EMA (exponential moving average) on March 21 after the formation of a Doji candlestick pattern in the previous session, indicating a strong bullish reversal. Therefore, the Nifty 50 is likely to advance towards the 22,100-22,300 zone initially with support at 21,700 and once it … Read more
[ad_1] After the recent sharp decline, the market remained volatile and is expected to remain range-bound with a negative bias in the coming sessions as well. In fact, the range has narrowed and the support, so far, remains at 21,900, which overall suggests that if Nifty 50 decisively breaks the same support, then the selling … Read more
[ad_1] Market sentiment is expected to remain positive, although benchmark indices posted gains after hitting a new high on February 23. Intermittent consolidation and correction are always part of any steady rally. Therefore, the Nifty 50 may face immediate resistance at 22,300 in the next session, followed by 22,500, with immediate support at 22,000 level … Read more
[ad_1] With the formation of a bullish candlestick pattern after neutral patterns in the last two sessions, the bulls seem to have turned strong and can take the Nifty50 towards the 22,500 mark in the coming sessions, provided the index holds at 22,200. Otherwise, there could be a consolidation with support at 22,000, experts said. … Read more
[ad_1] With the bulls gaining strength in the last few trading hours despite weak global cues, the Nifty50 may extend its upward journey in the coming sessions. If the uptrend continues, then the index could face resistance at the psychological mark of 22,000, followed by a near-record high of 22,126, while immediate support is expected … Read more
[ad_1] The bears returned to power on Dalal Street after the expected outcome of the RBI policy meeting and dragged the Nifty 50 below the 10-day EMA (exponential moving average – 21,750), which acted as support in the recent past. The Nifty50 is likely to see more selling pressure in the coming days, but 21,500 … Read more