The Nifty continued its corrective spell for the sixth straight week, a losing streak not seen in over five years, as the index drifted lower within a relatively narrow range. The week saw Nifty oscillate in a 398-point range between 24,736 on the higher side and 24,337 on the lower side, reflecting muted volatility and…
After consolidating for two weeks, the Nifty finally appeared to be flexing its muscles for a potential move higher. Over the past five sessions, the Nifty traded with an underlying positive bias and ended near the week’s high point while also attempting to move past a crucial pattern of resistance. The past week saw the…
Since January, Nifty has been inching higher in an upward sloping parallel channel. It has reversed from the lower end of the channel while the FIIs too have made a comeback in the last trading session. The FIIs’ return might hint that there can now be some buying interest from them as well as short…