Tag Archives: stock market analysis

stock market analysis: Tech View: Nifty bulls fail to guard 200-DMA. What investors should do on Thursday – Blue Barrows

After sinking for the sixth straight session, the Nifty50 not only failed to protect the 17,000 mark but also slipped below its 200-DMA to end 149 points lower near the 16,850 mark on Wednesday. The index formed a small bodied bearish candle on the daily scale with a long upper shadow, indicating pressure at higher […]

nifty bank: Nifty Bank: Key levels to watch out for on Thursday – Blue Barrows

Nifty Bank opened gap down by 330 points and recovered from its lows but moved in a zigzag manner throughout the day. It continued to underperform the broader market and closed with losses of 210 points. Analysts said the index is stuck in a broad range of 1,500 points, where stiff resistance was visible at […]

stock market analysis: Tech View: Nifty falls below 20-day SMA, signals weakness – Blue Barrows

New Delhi: Nifty50 on Monday plunged over 1 per cent and barely managed to hold the 17,300 level on a closing basis. The 50-pack index did not respect its 20-day simple moving average (SMA) but somehow managed to form a bullish candle on the daily chart, post a gap-down opening, reflecting intraday recovery. Some analysts […]