Nifty ended largely unchanged on Thursday as selling pressure on financial stocks dragged the markets despite buying trends in auto and consumer stocks. The index has consistently failed to regain the 21-EMA on the daily chart, showing a general lack of strength. Decoding the charts, Rupak De, Senior Technical Analyst at LKP Securities, said that […]
India’s benchmark indices rose on Monday after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs on Friday. The 30-share Sensex rose over 670 points to hit an intraday high of 83,486 before paring gains at 83,294.66, up 480 points or 0.6%. The Nifty also advanced 142 points to close at 25,713.Meanwhile, […]
TLDR: Solana has corrected 77% from the $295 peak, mirroring previous cycle retracement patterns. The $31-$48 zone corresponds to Fibonacci levels of 0.5 and 0.618 and the FVG demand. A breakdown below $31 could reveal a deeper retracement towards the $17 region. Fractal equation projects long-term goals between $500 and $1,000 if the cycle repeats. […]
Markets traded within a relatively narrower range all week, with a clear negative bias, and ended lower. After opening at the upper end of the range, Nifty attempted an early push towards 26,009 but failed to sustain the move and gradually drifted lower. Selling pressure increased towards the second half, dragging the index to a […]
India’s benchmark indices ended subdued in a largely bandwidth-constrained session on Wednesday. The Nifty extended its winning streak to the fourth day in a row, albeit with modest gains, while the BSE Sensex traded slightly lower. The 50-share index closed at 25,953.85, up 18.70 points or 0.07%, while the Sensex fell 40.28 points or 0.05% […]
Nifty reversed its two-session winning trend to end lower on Thursday amid broad selling with financial, auto and IT sectors among the major laggards. The index closed below the 50 DMA for the third consecutive session.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities, said Nifty ended the session on a […]
Join our Telegram channel to stay up to date with the latest news Solana’s price is stuck in a technical bear market after falling 59% from its all-time high in September last year. However, after forming a double bottom pattern, SOL price appears to have reached a key support level around $113, a decline that […]
Join our Telegram channel to stay up to date with the latest news Ethereum’s price has fallen 4% over the past 24 hours, falling to around $2,744 as selling pressure increases. Veteran trader Peter Brandt has warned that Ethereum’s decline may not be over yet. Brandt points out a symmetrical triangle breakdown on the 24-hour […]
Join our Telegram channel to stay up to date with the latest news Bitcoin price has fallen 7% to $83,237 over the past 24 hours, with JPMorgan analysts explaining that the latest weakness in the cryptocurrency is driven more by short-term market sentiment and liquidity conditions than the recent decline in the US dollar. Despite […]
Join our Telegram channel to stay up to date with the latest news Bitcoin lost some gains after the Federal Reserve held rates steady as widely expected, retreated from the $90,000 mark after clawing it back for the first time since last Friday, and fell below $88,000. The world’s largest cryptocurrency by market cap fell […]