Market Overview: Nifty 50 Futures Nifty 50 Near All-Time High. On the weekly chart, Nifty 50 produced an impressive bull close this week. The market is currently trading close to its all-time high, which may serve as a strong price resistance. The market is still moving inside the narrow bull channel, according to the weekly […]
Nifty 50 Potential Trading Range
Market Overview: Nifty 50 Futures Nifty 50 Potential Trading Range on the weekly chart. This week, the market established a small bear bar. Since the bar is closing near to its low and has a long tail above it, some bears will look to sell at the low of the bar in anticipation of a probable […]
Nifty 50 Wedge Top on Monthly
Market Overview: Nifty 50 Futures Nifty 50 wedge top on monthly chart where Nifty 50 produced a series of bull closes, but the bull bar has a small body. Market is getting close to the big round number and the all-time high level, which will act as powerful price resistance. The market is trading inside a tight […]
Nifty 50 Outside Bar on Weekly
Market Overview: Nifty 50 Futures Nifty 50 outside bar on weekly chart where the market created a bear doji bear this past week. It is currently trading inside a tight bull channel. Measured move of the head and shoulder bottom and the all-time high could be acting like a magnet for the price. The daily […]
Nifty 50 Trading Range Most Likely
Market Overview: Nifty 50 Futures Nifty 50 trading range most likely. This week’s market produced a bullish close; but, the bull bar’s small body and short top tail indicate that a small pullback is likely. On the weekly chart, the Nifty 50 is still trading inside the tight bull channel. The market recently has not created […]
Nifty 50 Tight Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 tight bull channel on the weekly chart. Bulls were unable to create a strong follow-through above the big round number 18000, and bears on the weekly chart will stay away from selling until the market develops another strong bear bar. This week, the market formed a bear bar that […]
Nifty 50 Wedge Top
Market Overview: Nifty 50 Futures Nifty 50 wedge top on monthly chart. On the monthly chart, the market produced a powerful bull bar that closed very near to its high. The Nifty 50 was also able to close above the big round number 18000, which may be a sign of strength. Similar to the monthly chart, the market […]
Nifty 50 Outside Bar
Market Overview: Nifty 50 Futures Nifty 50 outside bar on the weekly chart. The weekly chart of the market shows a bearish closing for this week. The bear bar has a short tail at the bottom, which may cause some bears to sell, especially following a powerful bull leg that broke out of the bear […]
Nifty 50 Channel Breakout
Market Overview: Nifty 50 Futures Nifty 50 channel breakout on the weekly chart. On the weekly chart, the market gave a strong bullish close, continuing the bulls’ attempt to reverse the trend. At the moment, the market is trading close to the 50% pullback of the bear channel, which might act as a level of […]
Nifty 50 Breakout Gap
Market Overview: Nifty 50 Futures Nifty 50 breakout gap on the weekly chart. The market gave a strong bull bar this week, closing near to its high and at the high of the bear channel (i.e., a resistance). If the market breaks out of the channel, there will be an immediate resistance above the current […]
