Nifty, Bank Nifty outlook: Technicals weak but global cues remain positive; check support, resistance

Stock Market Today, Nifty, Bank Nifty: Domestic share market indices will likely trade higher on the last trading session of this week, global market trends suggest. The Nifty futures on Singapore Exchange (SGX) were trading 53.50 pts or 0.30% higher at 17,644.50 in the early morning trades. Asian markets were trading mixed with China’s Shanghai […]

Bank Nifty weak in short-medium term, Nifty support at 17000; Use PUT Spread strategy for this F&O expiry week

By Rajesh Palviya On the weekly chart, the NSE Nifty 50 index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 17500 level it would witness buying which would lead the index towards 17800-18000 levels. However if index breaks […]

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