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NEW DELHI: Nifty50 climbed over 1 per cent on Thursday and formed a bullish candle on the daily chart with a long lower wick, which reflected buying at lower levels with support at the 13-day moving average. At close, the index stood above its 20-day and 50-day simple moving averages and nullified the Bearish Belt Hold pattern formed in the previous session. Analysts advised traders not to read much into the moving averages in a sideways market, but believe a breach of the 14,900 level could bring the bulls back into the game. Chandan Taparia of Motilal Oswal Securities said Thursday's bulli...

NEW DELHI: Nifty50 dropped for the fourth straight session on Wednesday and formed a long bearish candle on the daily chart. This was the fifth straight session when the index formed a bearish candle. Nifty has barely held on to its 50-day moving average at 14,720 and a breach of this level could now trigger a steep downside in the near term. Any upside on the index is likely to be capped at 14,950 level, said analysts. Mazhar Mohammad of Chartviewindia.in said Nifty has registered a new corrective swing low from the high of 15,336, strengthening the bearish sentiment further. He believes it ...

NEW DELHI: Nifty declined for the third straight session on Tuesday and formed a bearish candle on the daily chart. During the day, the index broke below its 20-day moving average. Analysts said market is likely to see sideways action now, but any failure to stage a recovery from here on could potentially send the Nifty tumbling towards the 14,720 level, which is near Nifty's 50-day simple moving average. Mazhar Mohammad of Chartviewindia.in said the index could trade sideways to positive, provided the bulls manage to pull off a close above 15,000 level. “For the time being, intraday trade...

India VIX fell 7.79% from 22.49 to 20.74 levels. A cooldown in VIX below the 21-20 zone is needed for the bullish grip and a smoother move to continue in the market.

Going ahead from here, despite some temporary technical pullback that cannot be ruled out, Nifty is bound to find resistance in the 15,200-15,275 zone.