Nifty View: With renewed buying, the Nifty moved above the previous week’s high, forming a strong bullish candle backed by higher volume. Volumes were higher than the last two days but still below the average. It closed decisively above the 50 DMA. Additionally, it moved above the 38.2% retracement level of 19,673, which is the …
Nifty And Bank Nifty Analysis – September 22, 2023
22 September 2023Nifty: Nifty declined sharply over 500 points from its all-time high level of 20,222.45 registered on September 15. We cautioned about this decline, as the market was impulsively overextended. The index is below the previous low and also below the prior breakout level. It retraced 50 per cent of the prior rally in just three …
Nifty Analysis & Trading Strategy For September 20, 2023
20 September 2023As we expected, the Nifty is entering into the counter-trend consolidation. On Monday, the Nifty traded in just 80 points range and it formed a NR7 bar, which means the day’s range was lowest in the last seven trading sessions. After opening lower the index closed near the lowest point of the day and at …
Top Two Stocks To Watch Today – 18th September, 2023
18 September 2023Nifty’s Friday Performance: On Friday, the Nifty continued its upward momentum for a third consecutive session, breaking through the 20,200 level for the first time. This surge was underpinned by strong performances in banking & financial services, auto, technology, and pharma stocks. With sustained strength and low volatility, it appears that the bulls are firmly …
Top Two Stocks To Watch Today – 15th September, 2023
15 September 2023Nifty opened higher at 20,128 and climbed up to the level of 20,168, which was a fresh record high. However, it saw some profit-taking after an initial hour of trade and turned volatile. In the last hour of trade, Nifty saw some recovery amid consolidation and closed with a gain of 33 points at the …
