Subscribe Now
Special Offer on ET Prime
Subscribe to ET Prime - Get Flat 20% OffView Plans
Special Offer on ET Prime
Subscribe to ET Prime - Get Flat 20% OffView Plans
Special Offer on ET Prime
Subscribe to ET Prime - Get Flat 20% OffView Plans
Why ?
Access the exclusive Economic Times stories,
Editorial and Expert opinion
market outlook: Ahead of Market: 12 things that will decide stock action on Tuesday indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Synopsis
Tata Elxsi, Amrutanjan Healthcare, JSW Steel, Greenlam Industries, Suven Life Sciences, Vinati Organics and Jindal Steel & Power witnessed strong buying interest from market participants as they scaled their fresh 52-week highs on Friday, signalling bullish sentiment.
Getty Images
Nifty formed a Doji on both daily and weekly scales.
NEW DELHI: After trading on a volatile note in Friday s session, headline index Nifty formed indecisive candles similar to Doji formations for both Friday s session and for the week gone-by.
Rohit Singre of LKP Securities said Nifty50 has created a good base near the 14,250-14,200 range. “As long as these levels hold up, the structure will remain positive. A stiff hurdle lies in the 14,450-14,500 zone. The index may find fresh strength only above the 14,500 level,” he added.
Explore Now
NEW DELHI: Nifty opened gap up on Tuesday, but saw a steady decline through the session to form a long bearish candle similar to that of a Bearish Belt Hold pattern for the day. The candle had a small lower shadow and no upper shadow as the opening level was the day s high.
Mazhar Mohammad of Chartviewindia.in said, Unless Nifty swiftly registers a close above 14,300, the possibility of slipping towards 13,950 remains higher. In case the bulls manage a close above 14,300, a sideways move with slightly positive bias can be expected. Upsides for time being remain capped at 14,530 level.