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Nifty: Ahead of Market: 12 things that will decide stock action on Monday

Nifty: Ahead of Market: 12 things that will decide stock action on Monday
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Ahead of Market: 12 things that will decide stock action on Friday

Ahead of Market: 12 things that will decide stock action on Friday
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Ahead of Market: 12 things that will decide stock action on Monday

Nifty traded in a tight range of 111 points to end below the 15,700 level. It formed a small bearish candle on the daily chart with a long lower wick, indicating buying at lower levels. Analysts said the index was showing lack of strength at higher levels with some indicators sending overbought signals. Will the Nifty gain strength this week and move towards the 15,800-15,900 zone?

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Ahead of Market: 12 things that will decide stock action on Wednesday

Nifty formed a small bearish candle on the daily chart, which resembled an indecisive Spinning Top.

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market outlook: Ahead of Market: 12 things that will decide stock action on Friday

Explore Now New Delhi: Benchmark equity index Nifty managed to end the May F&O series at record closing highs on Thursday amid buying interest seen in cement, bank and IT counters. Though the index witnessed volatility throughout the session, it managed to eke out gains and end 36 points higher. Nifty managed to close above the crucial resistance level of 15,335 on a closing basis, forming a Doji candle on the daily chart. Analysts said the index may face some resistance as it inches towards its lifetime high levels. Will the bulls manage to take Nifty past its all-time high levels?

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