• Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.
No Result
View All Result
  • Login
The Edge Media
Wednesday, July 9, 2025
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
No Result
View All Result
The Edge Media
No Result
View All Result
Home Stock Exchange

Tech View: Nifty50 forms Doji for third straight session, looks weak

The Edge Media by The Edge Media
6 years ago
in Stock Exchange
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedInShare via TelegramSend To WhatsApp

NEW DELHI: Nifty50 found the psychological mark of 12,000 level too difficult to sustain on Tuesday, as it retreated and eventually ended up forming a ‘Doji’ on the daily chart for the third straight day. This structure on the technical chart signals indecisiveness.

That said, the index has formed higher highs and lows for the second straight session, suggesting that the support level has shifted higher. Going forward, the 11,760-12,040 range remains crucial, a breakout of which can give a clear direction to the market.

For the day, Nifty rose 42.90 points, or 0.36 per cent, to 11,965.

“Declines are being bought into, as resistance points remain intact at the upper band of the trading zone. The index needs to hold above 11,888 to witness an upward move towards 12,041 and 12,100 levels. On the downside, supports are seen at 11,888 and 11,761,” said Chandan Taparia of Motilal Oswal Securities.

Mazhar Mohammad of Chartviewindia.in said the price action seen in last three sessions looks like an upward corrective reaction to the fall from the all-time high of 12,103 registered on June 3 and on the back of a negative advance-decline ratio, which is a cause of concern.

“The bulls need a strong close above 12,039 level to be back in the game. Unless such a breakout occurs, the market would remain vulnerable to selloff,” he said.

During the session, Nifty traded within a broad ‘non-trending’ zone between 11,775 and 12,100 levels, said Arun Kumar of Reliance Securities.

“The index has to close above 12,040 to regain its bullish momentum. However, a negative close below 11,830 would activate bearish signals. Short-term traders need to be very alert during this phase,” Kumar said.

Previous Post

How Hauz Khas Lake got a new lease of life

Next Post

Mamata Banerjee hits out at Governor suggestion on President’s rule, says plot to turn Bengal into Gujarat

Related News

Massive Infrastructure Boost: Centre Unveils ₹2 Lakh Crore Highway Projects in Jharkhand

Massive Infrastructure Boost: Centre Unveils ₹2 Lakh Crore Highway Projects in Jharkhand

by The Edge Media
July 3, 2025
0

In a significant push to enhance connectivity and drive economic growth in Jharkhand, the Central Government has announced national highway...

Drama Unfolds: Pakistani Celebs’ Instagram Accounts Still Blocked in India After Brief Glitch Sparks Online Frenzy

Drama Unfolds: Pakistani Celebs’ Instagram Accounts Still Blocked in India After Brief Glitch Sparks Online Frenzy

by The Edge Media
July 3, 2025
0

In a digital twist that sent shockwaves across social media, Instagram accounts of top Pakistani celebrities—including actors and cricketers—remain blocked...

Devotees Critically Injured at Kumbh Mela, CM Yogi Adityanath Ensures Prompt Medical Response

Devotees Critically Injured at Kumbh Mela, CM Yogi Adityanath Ensures Prompt Medical Response

by Caru
January 29, 2025
0

Lucknow: Chief Minister Yogi Adityanath confirmed today that several devotees were "seriously injured" in a late-night incident at the Kumbh...

Man Arrested From Gorakhpur for Threatening to Kill PM Modi and CM Adityanath

Man Arrested From Gorakhpur for Threatening to Kill PM Modi and CM Adityanath

by The Edge Media
July 11, 2023
0

Early in the morning of Monday, June 15th, an alarming scene unfolded in Gorakhpur, India. A man, identified as Shabir...

BJP Disrupts Bihar Assembly Proceedings Over Tejashwi Yadav’s Resignation

BJP Disrupts Bihar Assembly Proceedings Over Tejashwi Yadav’s Resignation

by The Edge Media
July 11, 2023
0

The Bihar Assembly was stunned into silence on Tuesday as BJP legislators disrupted proceedings and demanded the resignation of Deputy...

Delhi CM To Establish Doorstep Ration Delivery Without Center’s Approval

Delhi CM Kejriwal Links GST to ED, Warns Traders of Arrests for Tax Avoidance

by The Edge Media
July 11, 2023
0

It was a shocking announcement when Delhi Chief Minister Arvind Kejriwal recently announced that any traders caught avoiding GST payments...

Discussion about this post

Recommended

green fungus

Delta variant spread forces partial lockdown on Karachi

4 years ago

For the first time, women commandos joined CRPF’s Special Cobra Team

4 years ago

Popular News

  • Massive Infrastructure Boost: Centre Unveils ₹2 Lakh Crore Highway Projects in Jharkhand

    Massive Infrastructure Boost: Centre Unveils ₹2 Lakh Crore Highway Projects in Jharkhand

    0 shares
    Share 0 Tweet 0
  • Drama Unfolds: Pakistani Celebs’ Instagram Accounts Still Blocked in India After Brief Glitch Sparks Online Frenzy

    0 shares
    Share 0 Tweet 0
  • Devotees Critically Injured at Kumbh Mela, CM Yogi Adityanath Ensures Prompt Medical Response

    0 shares
    Share 0 Tweet 0
  • Man Arrested From Gorakhpur for Threatening to Kill PM Modi and CM Adityanath

    0 shares
    Share 0 Tweet 0
  • BJP Disrupts Bihar Assembly Proceedings Over Tejashwi Yadav’s Resignation

    0 shares
    Share 0 Tweet 0
  • Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.

© 2024 The Edge Media All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge

© 2024 The Edge Media All Rights Reserved.