As seen in the previous trading session, the market in today’s trade setup also showed a sideways, choppy movement throughout the day. In the previous block, we analyzed that for the market to move to even higher levels, it needs stronger reasons or triggers to support such a move. At the moment, we are not … Read more
In the previous trade setup, we discussed the NSE Nifty level of 25,200, which appeared to be a strong resistance, and as per the analysis, that played out. Nifty attempted to move higher but ended up near the 25,000 level. This suggests that, in the near term, the market is waiting for fresh triggers that … Read more
India is witnessing progressive growth across various sectors such as metals, pharmaceuticals, IT, banking, and many more. The country is placing strong emphasis on becoming more and more indigenous in key areas to ensure national security and self-reliance. Over the past few years, India has maintained a growth rate of around 6–7%, with similar projections … Read more
In the Nifty analysis, we discussed a 02 may trade setup, noting that Nifty had formed a kind of hammer pattern with a long wick. This indicated that the market might either move downward or face resistance in moving higher. In yesterday’s trade setup, we also mentioned that although the market had risen, the hammer … Read more