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Nifty Analysis: Tech View: Nifty trend turns negative; consider sell on rise

Nifty Analysis: Tech View: Nifty trend turns negative; consider sell on rise
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Ahead of Market: 12 things that will decide stock action on Tuesday

Ahead of Market: 12 things that will decide stock action on Tuesday SECTIONS Share Synopsis The new short-term range for the index will be in the 14,200-14,700 range, said Gaurav Ratnaparkhi of Sharekhan. iStock Related NSE Explore Now NEW DELHI: Nifty saw a gap-down opening on Monday and witnessed deep sell-off in the intraday trade. The headline index formed a Long Black Day candle on the daily chart. Nifty has approached a trendline drawn from the previous crucial swing lows. All these parameters offered some support to the index. These parameters are in the 14,200-14,300 range. Unless this range is broken on a closing basis, the index can still stay in a consolidation phase. The new short-term range for the index will be in the 14,200-14,700 range, said Gaurav Ratnaparkhi of Sharekhan.

Nifty Analysis: Tech view: Nifty may be up for a trend reversal; analysts await more evidence

Mumbai: Nifty may be on the cusp of a reversal of the long-running bullish trend, as it snapped a six-session winning streak and tumbled more than 400 points on Monday, signalling strong bear pressure. Analysts, however, said they would wait for more evidence to confirm the same. For the day, the index formed a big red candlestick on the daily chart, as it erased the gains of last 11 session. Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, said ever since Nifty formed a higher bottom at 12,790 on November 26, it has never formed any decisive candlestick pattern on a daily basis, and continued to show indecisiveness.

Market Watch: Is the bloodbath the start of a correction phase on Dalal Street?

Market Watch (ET Online) 07:05 Min | December 21, 2020, 7:27 PM IST Tune in as we discuss today s massive sell-off, what it means for the market, what stocks to bet on, and more! Tags Transcript Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Nikhil Agarwal and here are the top headlines at this hour. Dalal Street records worst day in 7 months Delhi High Court rejects Future Retail s plea for interim injunction against Amazon GoldenTree, PIMCO join Oak Hill Consortium for Vodafone Idea funding Rupee posts biggest single session fall against dollar since Nov 12 Flights from UK suspended until December 31

Trade Setup For Tuesday: Top 15 Things To Know Before Opening Bell

Trade setup for Tuesday: Top 15 things to know before Opening Bell Shrikant Chouhan of Kotak Securities feels Nifty could slide to either 13,000 levels, where it has support as per options data or 12,500, which was the highest of the previous upmove. Sunil Shankar Matkar December 22, 2020 / 07:49 PM IST The market was caught in a bear trap following panic selling in global peers on fears of a new strain of coronavirus found in the United Kingdom. The benchmark indices registered the biggest single day loss since May 4 this year due to correction across the board. The BSE Sensex tanked 1,406.73 points or 3 percent to close at 45,553.96, while the Nifty50 fell 432.10 points or 3.14 percent and closed at 13,328.40, erasing gains of last 11 days and formed Long Black Day candle on the daily charts.

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