In Nifty Outlook,I express my views on the Indian Stock Markets Index,Nifty.Whenever I see a meaningful structure on daily or weekly technical chart of Nifty which may be of help to traders or investors,I share it with Nifty Outlook.
We know how volatile the stock markets remain.Looking at the technicals in a chart,it is never easy to predict the market moves accurately.So many factors affect the market moves apart from purely technicals.
It is always advisable to understand and manage the trading risks properly before going for a trade.Never underestimate the importance of Stop losses in trading and look to exit the markets immediately when your targets are met or you have made a reasonable return on your trade.
Nifty index has been trading in an uprising channel for the last few weeks. It was after steep rise from sub 10000 levels to around 10900 levels in a very short span of time. Last week, Nifty broke this rising channel downwards. The breakdown levels correspond to 10780-10800 … Continue Reading
Nifty has been consolidating in a broad range of 10000-10500. In the last few weeks we saw sharp moves in Nifty. When it showed signs of breaking down, it sharply reversed its trend and hit new highs. After hitting new highs,it drifted sharply lower scaring the traders.It kept … Continue Reading
Nifty index has been maintaining a strong up trend. It is at its all time highs. Recently, it has broken above a rising trend line. Looking at the daily candlestick chart for Nifty, it appears preparing for more upmove. It may head towards 10730 level in coming days. … Continue Reading
For the previous week, Nifty continued to face resistance in 5900-5950 band on the upside.As you can see in fig 1, the upper trend line joining previous highs made by the Nifty gives resistance levels around 5920-5930 for the coming days. Fig 1 Fig 2 If you see … Continue Reading