#excellent50

technical view: technical view: Nifty50 above 50-day SMA; possible further growth

New Delhi: Nifty50 closed above its 50-day simple moving average on Thursday and formed a bullish long wick candle on the daily chart. Analysts say that after the breakdown of the 15,900 level, the technical setup of the index looks positive. They believe a break above the 16150-175 range could attract further buying. During the day, the index closed at 16,132.90, up 143.10 points or 0.89% more.…

nifty50: technical view: Nifty50 sees strong sales; consolidation may continue

New Delhi: Nifty50 there was selling pressure on Tuesday once the price reached 16,000. The index wiped out all intraday gains, eventually forming a bearish candle on the daily chart with a long upper wick reflecting weakness at the high. Analysts say the index’s ongoing consolidation could continue, with the 15,650-750 levels likely to provide some support for the index. Gaurav Ratnaparki, head…

Technical view: Nifty50 bulls are not ready to give up; pulse is positive

Nifty50 fixed below 15,800 on Wednesday, although it formed a small bullish candle on the daily chart. Analysts noted that the index showed recovery in the last couple of sessions after seeing the beginning of the gap down, which is a positive thing. In addition, they noted that the selling pressure is quenched near the key moving average. Analysts note that the dynamics remains positive. “In…