What if the upmove doesn’t occur? Well, in that case, the lower range (horizontal arrow) should be used as a stop. There aren’t any closer stops. As a bearish signal, this can be meaningful but that is something that I would prefer to deal with in case the occasion comes up. For now, I don’t expect that to happen.
Sensex / Nifty Future
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SGX Nifty Indicates A Positive Start [14-Dec-2022]
SGX Nifty Indicates: Stocks in Asia followed equities on Wall Street by rising marginally after US inflation cooled ahead of the Federal Reserve’s policy decision later Wednesday.
Nifty Week Technical Forecast 28 Nov to 02 Dec, 2022
If you recall last week I had mentioned, “…. It is therefore obvious that retail money needs to come back big time for the markets to get into a bullish stride once again.” Another redeeming factor has been the slow but steady recovery in the midcap space that was missing for a while. While we need to really see more momentum kicking in to take these indices higher, the trends seen last week has lent some color to the sentiment. Mid-cap index is closer to the breakout zone and should be checked first for some market action.
Nifty Week Technical Report: Weakness Ahead For Next Week
Nifty Week Technical Report: In the last week’s article, I had alerted readers about the risk that was present (mainly from global factors) for the trends. In fact, an earlier letter was titled ‘The Narrative Is Shifting’ where I had mentioned that the undertone of the market was changing ever so slightly. I followed that up with another alert in the article a couple of weeks ago, ‘Targets Met And More’, where I had mentioned that the Nifty topping time zone as Sept. 13. Of course, these were alerts for those with long positions to be vigilant, and in the last week’s letter I had also mentioned that in the event the market turned a bit soft, long-holders should lighten up on their commitments. On the make-it-or-break-it matter, the market seems to have chosen to, well, not make it so far.
Nifty This Week In Technical Charts: Bigger Trends At Make-Or-Break Stage
Event of the week was the all-time new high reached by the Bank Nifty. A couple of months ago, the Bank Nifty was trailing the Nifty by a goodly margin but has made great strides to pip the Nifty to the tape of hitting new highs. That is a remarkable comeback by the financial sector and here the effort was shared in good measure by private and public sector banks as well as financial stocks.
Today Nifty Poised For Bull Rally To 18,000-24,000, Say Two Technical Analysis
India’s Nifty 50 index has emerged from lows and is set for a rally that may go beyond 18,000 levels to as high as 24,000, according to technical analysis projections of two brokerages.
Sensex, Nifty Close Little Changed In A Volatile Session
Sensex / Nifty Future Forecast: India’s stock benchmarks closed little unchanged in a volatile session as gains in capital goods and industrials stocks were offset by losses in energy, oil and gas and metals.