Trade setup for 01 July: The market is moving sideways for now, as it had previously seen four consecutive days of upside in the candles and the Nifty 50. Today, it has recorded a loss of more than 100 points, closing around the 25,500 level. This suggests that the current movement appears sustainable. The key … Read more
The market is making a sharp recovery after hitting a low of 24,400, which acted as a resistance, as things are cooling down and the reaction to the Israel-Iran escalation is stabilizing for now. In today’s market, Nifty 50 has gained nearly 227 points on the upside, reaching close to the 25,000 level again. However, … Read more
The bullishness of the Nifty50 continues, as it has recorded consecutive gains above the 25,000 level. Today, it attempted to close near the 25,200 level, but after facing pressure during the middle of the session, it managed a modest gain of 37 points, closing at 25,141. Nifty opened slight gap up following the US-China trade … Read more
The market has shown strong bullishness following multiple surprises from the RBI, as they implemented a rate cut of nearly 50% and also unexpectedly reduced the CRR. This caught most analysts off guard and gave the market strong upward momentum, with the index closing above the 25,000 level, gaining 252 points. The market started off … Read more