"It has come out of five-year bear market and in that bear market, it has lost 50 percent of its value. So the recovery looks good and genuine,” he said. It got little overheated and that was probably the reason for correction in the last four-five sessions. “I think every time when the Nifty sees a downtick, I think pharma will do well," he said. … [Read more...] about ‘Risk of Nifty breaching 7,500 quite high, bearish on Bank Nifty’
Nse nifty
Technical View: Nifty forms Hammer pattern on weekly scale, bulls need to defend 8,968 next week
In case the bulls manage to defend 8,968 with a strong close above 9,100 then they can make one more attempt to break out from the consolidation range present between 9,160 and 8,800, he said. On such a breakout, an upswing can be expected to resume, with initial targets placed around 9,350. … [Read more...] about Technical View: Nifty forms Hammer pattern on weekly scale, bulls need to defend 8,968 next week
Technical View: Nifty forms bullish candle, rally seen if index goes past 9,158
"Strong recovery without a follow through to the breakdown registered on May 18 hinted that market might be in the process of chalking out a new trading range in the 9,158 – 8,806 zone. Hence, after today's price action with a decent bullish candle market can be expect to consolidate with a positive bias going forward," Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol. … [Read more...] about Technical View: Nifty forms bullish candle, rally seen if index goes past 9,158
Technical View: Nifty forms Shooting Star pattern, 9,050 crucial for downside
A Shooting Star pattern is formed when the index comes under selling pressure as traders start booking profits at higher levels. This pattern is usually formed in an uptrend and is treated as a reversal pattern, but experts say it will require confirmation before concluding that the trend will get reversed in the near future. … [Read more...] about Technical View: Nifty forms Shooting Star pattern, 9,050 crucial for downside
Use Modified Put Butterfly strategy on Nifty amid ongoing lull
Modified Put Butterfly is a 4-legged strategy where 1 lot of Put close to current underlying level is bought against that 2 lots of lower strike Puts are sold and 1 more lot of Put is bought but closer to the Put sold strike. This keeps the lower but constant profits in case of downward breakout. This is a fairly risk-averse and a universal strategy.The author is CEO & Head of Research at Quantsapp Private Limited. … [Read more...] about Use Modified Put Butterfly strategy on Nifty amid ongoing lull
