Tech View: Nifty may enter a brief consolidation; 15,000 level a hurdle
SECTIONS
Share
Synopsis
For the day, Nifty closed at 14,894, up 30.35 points or 0.2 per cent. Gaurav Ratnaparkhi of Sharekhan said the index stumbled near the daily upper Bollinger Band as well as the upper end of a rising channel on the hourly chart.
Getty Images
Mazhar Mohammad of Chartviewindia.in said the advance-decline ratio was skewed in favour of the bears, hinting at broadbased profit booking around the psychologically critical resistance at 15,000 level.
Related
NSE
Explore Now
NEW DELHI: Nifty on Thursday saw selling pressure after taking out the 15,000 level in intraday trade. The NSE barometer eventually eked out marginal gains, but formed its first bearish candle on the daily chart in six sessions.
European Open: GBP looking weak ahead of the open
Matt Simpson April 7, 2021 6:45 AM
After a noteworthy bearish session for the pound yesterday, its not look much happier today ahead of the open. Share:
Australia s ASX 200 index rose by 38.2 points (0.55%) to close at 6,924.10
Japan s Nikkei 225 index has risen by 61.1 points (0.21%) and currently trades at 29,757.73
Hong Kong s Hang Seng index has fallen by -163.15 points (-0.56%) and currently trades at 28,775.59
UK and Europe:
UK s FTSE 100 futures are currently up 16.5 points (0.24%), the cash market is currently estimated to open at 6,840.05
Euro STOXX 50 futures are currently down -6 points (-0.15%), the cash market is currently estimated to open at 3,964.42
Ευδοκίμησαν οι εφέσεις για τον καταλογισμό μαμούθ σε υπόλογους του Δήμου Λειψών dimokratiki.gr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dimokratiki.gr Daily Mail and Mail on Sunday newspapers.
Sign up for our daily newsletter of the top stories in Courier country
Thank you for signing up to The Courier daily newsletter
Something went wrong - please try again later. Sign Up
The first regional drive-through Covid testing centre for Fife has opened in Glenrothes.
The new facility in Blackwood Drive brings the total number of regional test sites in Scotland to eight, building on provision at Glasgow Airport, Edinburgh Airport, Prestwick Airport, Aberdeen Airport, the University of the Highland and Islands’ Inverness campus, Dudhope Castle in Dundee and Broadwood Stadium in Cumbernauld.
Each regional test site can test up to 1,500 people a day, and it is hoped the Glenrothes resource will quickly identify if people with Covid symptoms actually have the virus.
Explore Now
Signs of progress on the $1.9 trillion US Covid rescue plan and easing of US 10-year bond yield may send domestic stocks rallying on Monday. Here s the breaking down of the pre-market actions:
State of the markets
SGX Nifty signals gap-up start:Nifty futures on the Singapore Exchange traded 229 points, or 1.58 per cent, higher at 14,753.50 in signs that Dalal Street was headed for a gap-up start on Monday.
Tech View: Nifty forms Island Reversal
Nifty50 tumbled over 550 points on Friday and formed an Island Reversal pattern on the daily chart. On the weekly scale, it formed a bearish candle, along with a lower high lower low formation. The candle patterns suggest a bearish bias for the market.