By Subash Gangadharan Nifty Daily chart indicates the index has reversed its recent downtrend as it has crossed the previous swing high of 17309 and has closed above 50 day SMA. The 14-day RSI too has made a higher bottom, bounced back and closed above its 9-day EMA. We, therefore, expect the Nifty to gradually […]
By Shrikant Chouhan The benchmark indices bounced back sharply, the NSE Nifty 50 ended 289 points higher and the BSE Sensex gained 934 points. Among sectors, all the major sectoral indices traded in the green but Media, Metal and PSU Banks stocks outperformed. Technically, post reversal formation, on Tuesday, the market opened a gap up […]
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