Amid optimism surrounding Trump’s victory in the US election, Nifty ended Wednesday’s session with a gain of 271 points to form a long bull candle for the second day. Analysts said key overhead resistance of 24,500 could open more upside ahead. The underlying short-term trend of Nifty continues to be positive. A sharp upside breakout…
Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak, ending 42 points higher at 22,531. The 50-DMA is placed at around the 22,400 level, and a slip below this level could shift the test to the 22,300-22,260 zone. However, crossing 22,660 could resume the bullish trend, Om Mehra…
It was a truncated week for the markets. Over the past four trading sessions, the Indian equities continued to edge higher and ended on a fresh lifetime high. The volatility too remained at elevated levels. As mentioned in the previous technical note, the markets are building up ahead of the General Election results on June…