The Trade setup for market is showing strong momentum even in the absence of significant global cues, providing a clearer movement. Today, the market opened positively and briefly tested the 50-day moving average (MA) for a few minutes before making a strong bounce back. The next three to four five-minute candles showed a sharp recovery. … Read more
The market made a spectacular movement today, gaining 325 points in a single day. This is a very positive moment as it has surpassed the 22,600 level and closed above 22,800, making the trade setup for tomorrow relatively easier. It has been nearly a month since Nifty last closed near the 22,800 level, making it … Read more
After making a flat start, Nifty made a strong bounce back in three consecutive 5-minute candles, covering around 220 points. This movement set a solid stage for the day. Nifty faced resistance near the 22,600 level, which it has tested three times recently, forming a triple-top pattern. After that, it retested and spent the whole … Read more