The market has been showing a mix of bullish and flat movements recently. In today’s trade setup, the market opened slightly bullish and then made a strong move to the upside, reaching levels above 25,000. After that, it attempted to retrace and gave up most of its gains, pulling back near the opening levels. Following … Read more
As per our analysis, the market has formed strong support around the 24,600 level during Friday’s trade setup. From that level, it showed a kind of reversal movement and gained nearly 243 points in the Nifty 50. After a sharp recovery at the end of Thursday’s session, Monday showed a kind of continuation of that … 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
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