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Stock Market: Ahead of Market: 12 things that will decide stock action on Monday

Synopsis India VIX moved up 1.28% from 23.12 to 23.41 level. Now, VIX needs to cool down and hold below 20 zone for continuation of the ongoing momentum with a higher market base. Getty Images Signs of fatigue are visible, especially on the daily charts where Nifty formed an indecisive candle on Friday. NEW DELHI: Nifty formed an indecisive Doji kind of candle formation on the daily scale and a long bullish candle on the weekly chart on Friday. “15,000 has proved to be a psychological resista...
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market outlook: Ahead of Market: 12 things that will decide stock action on Thursday

NEW DELHI: NSE Nifty and its BSE counterpart Sensex both shed nearly 2 percent as the broader market saw a sell-off led by bank and financial stocks. The 50-pack Nifty formed a long bearish candle on the daily chart as the index continued its losing streak for the fourth consecutive session. On the technical front, Shrikant Chouhan of Kotak Securities said, the Nifty50 has taken support at 13,950 level and it is possible that the index may give a healthy bounceback to 14,400-14,500 ahead of the...
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market outlook: Ahead of Market: 12 things that will decide stock action on Thursday

Explore Now NEW DELHI: Continuing its recovery path, the Nifty gained 1 per cent on Wednesday forming a bullish candle on the daily chart. Rohit Singre, Senior Technical Analyst at LKP Securities said, “On the hourly chart, it seems index is in V-shaped recovery and if it turns to be true then we may see a current pullback to extend further towards 13,775, which is previous swing high and on other hand, good supports are formed near 13,550-13,460 zone.” "Market is continuing its rally amids...
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Ahead of Market: 12 things that will decide stock action on Monday

Ahead of Market: 12 things that will decide stock action on Monday SECTIONS Share Synopsis Now the Nifty50 needs to continue to hold above 13,350 to witness an upmove towards 13,750. Shutterstock.com Overall, the lower levels of volatility suggests that bulls are holding a tight grip and any small decline could be bought in the market. Before ending the last week at 13,513.85, Nifty formed a Doji candle with a long lower shadow on Friday, indicating a lack of momentum in the rally. But this a...
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