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Trade Setup: Nifty's behavior against 12,650 crucial; undercurrent strong

Trade Setup: Nifty’s behavior against 14,650 crucial; undercurrent strong SECTIONS Share Synopsis The coming session will see the levels of 14,700 and 14,755 acting as resistance points, while support will come in at 14,580 and 14,500 levels. Getty Images The most important thing to look for in Thursday’s session would be Nifty’s behavior against 12,650 level. Much on the anticipated lines, the domestic equity market continued with its strong pullback and reached the higher end of the cur...
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Trade Setup: Nifty showing clear signs of broad-ranged consolidation; remain cautious

Trade Setup: Nifty showing clear signs of broad-ranged consolidation; remain cautious SECTIONS Share Synopsis Friday’s session was important from a technical perspective as the index confirmed the level of 14,653 as an intermediate top for the immediate near-term. Getty Images Mondays session is likely to have a soft start to the day. The levels of 14,470 and 14,535 will act as resistance points, while support will come in at 14,380 and 14,300 levels. After demonstrating near-vertical rallie...
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Trade Setup: Nifty showing no signs of a let-up; short-term support at 13,800

Trade Setup: Nifty showing no signs of a let-up; short-term support at 13,800 SECTIONS Share Synopsis The levels of 14,050 and 14,110 will act as potential resistance points while supports will come in at 13,910 and 13,860. Getty Images Mondays session is likely to have a quiet start to the day again. In a narrow-ranged session on Friday, the domestic equity market stepped into the new year on a quiet note, consolidated in a strong way and ended the day with a modest gain. After a positive star...
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