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
Nifty showed a different kind of behaviour today, especially from the bullish perspective, as it witnessed significant movement, closing 174 points lower at around 24,542. It closed below the previously strong resistance-turned-support level of 24,600, which had held firm for a long time. However, today Nifty broke below that level and ended the day beneath … Read more
Support for Nifty50 is acting as a strong base, as the market exhibited both bullish and bearish movements today. The market opened slightly gap-down and then formed a strong bearish candle, reaching a low near 24,525. After that, it showed a consistent recovery from the low and ended with an overall positive gain. By the … Read more