Trade Setup: Nifty50 remains in consolidation; crucial to stay above 50-DMA

On yet another sluggish day, Nifty50 ended on a negative note despite staying resilient for most of the day. Following weak global cues, the markets opened lower; however, it soon managed to crawl into the positive territory as it showed resilience. Nifty50 marked its high point when it briefly climbed into the positive territory. After that, the headline index slipped into the negative zone…

Trade Setup: Nifty remains directionless; 18050-18090 levels to act as resistance points

It was a sluggish day for Indian equities on Tuesday, as the market continued to modestly correct. Benchmark indices ended the day on a negative note after spending the major part of the session without any directional cue. The markets opened on a positive note; it marked the high point of the day in the early minutes of the trade. However, Nifty50 soon slipped into the negative territory and…

Trade Setup: Nifty must stay above 18K to avoid consolidation

For the second consecutive session, the market remained listless and lacklustre, ending the day with minor losses. However, looking from a global perspective, the Indian market put up a resilient show as it outperformed its Asian peers. Following a weak global trade setup, the Nifty50 opened lower and marked its intraday low in the early minutes of trade. While the index remained in the negative…

Trade Setup: Nifty likely to take a breather till it moves past the 17,950 level

Tuesday’s session turned out to be quite choppy. Nifty50 not only faced resistance at the levels we had mentioned in this column yesterday, but also saw some corrective activity. The market saw a positive start to the day, and Nifty50 marked its intraday high in the opening seconds of the session. It soon pared the gains and traded flat near the previous close. Then selloff gripped the market…

Trade Setup: Sustainable up moves unlikely as long as Nifty stays below 12,000

In volatile trading last Friday, the domestic equity market suffered a minor breach of the broad consolidation zone formed over the past two weeks.

Nifty saw itself opening on a mildly stronger note and on the positive lines. However, after the better-than-expected opening, the index formed its high point in early minutes of the trade. After that, it started to gradually pare gains. At one…