06th August 2024 | Nifty Expect More Fall | π’ Is The Trap
NIFTY Prediction After starting lower, Nifty continued to drop slowly during the day, briefly falling below the 50-day EMA support level of 23,950 before ending at 24,055.60. Resistance on the upside is at 24,400-24,700, while support on the downside is at 24,000-23,630. BANK NIFTY Prediction The Bank Nifty dropped below its previous low of 50,440,…
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02nd August 2024 | Nifty 25300 weak 24400 | Expect Good Week Finishing
NIFTY Prediction Nifty opened with a gap up today, consolidating throughout the day to finish with a gain of around 60 points. The daily charts show that Nifty has broken out of its sideways consolidation to the upside. We anticipate the rally to extend towards 25,000-25,500 in the short term, with support levels at 24,900-24,500….
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01st August 2024 | Nifty 25300 weak 24400 | Avoid Trade in Volatile
NIFTY Prediction Nifty closed 21 points higher as the benchmark indices exhibited non-directional movement. A small inside bar candle formation was observed on the daily charts, while the intraday charts revealed a double top formation, suggesting potential temporary weakness. The resistance levels are set between 25,000 and 25,500, with support levels ranging from 24,500 to…
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Big tech trade shudders just as stock pickers make a comeback
Wall Streetβs sure-fire, money-minting trade of 2024 β going all-in on Big Tech β was upended this week, sparking stock volatility across the board and thrashing momentum-chasing investors along the way. An earnings flop from Tesla Inc. and fears about Alphabet Inc. spending landed just as popular bets in bonds and commodities misfired, adding to…
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