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Category Archives: Price action Technical analysis

Nifty Price action technical analysis

Nifty Daily Technical analysis | Price action in a Tug of war

By Trading Predator February 18th, 2016 No Comments

The Nifty rose 1.17% or 83.30 points to 7,200 points. Indian stock markets rose around 1% on Thursday indicating a second straight day of gains as mining and energy sectors boosted due to rising crude oil prices. As we can see the chart, Price action showed some interesting developments in Nifty – starting from the

Nifty Technical analysis

Nifty daily technical analysis – Price action bounced higher

By Trading Predator February 17th, 2016 No Comments

Sensex closes 190 points higher at 23,381.87 and nifty climbed back above 7100 a precision radar level, that I‘ve been mentioning since last few days on intraday basis. Sensex closed 0.82% higher, while nifty closed 0.85% or 60.20 points higher at 7,108.45. Asian shares faired broadly higher today, due to yesterday’s euphoric sentiment. Nifty started

Daily technicals

Nifty Daily Technical analysis – Closed near the open and ended the weak

By Trading Predator February 12th, 2016 No Comments

Stock market on Friday closed slightly higher and flat with BSE 34.29 points at 22,986.00 and Nifty closed nearly unchanged at 6,980. Just below the radar level 7000. Asian Markets ended lower on Friday as concerns about the health of global economy, especially emerging markets threatened investors’ confidence. Chinese and Taiwan financial markets remained close

gold price action

Gold Technical analysis – Rally hits resistance level at $1200

By Trading Predator February 9th, 2016 No Comments

Spot gold price action have surged 12 percent this year, rising above $1200 an ounce. Concerns over global economy influenced market participants to buy safe heaven assets such as gold. Upcoming demand and further economic uncertainty may add more gains to the precious metal. But some prominent speculators are unimpressed by the recent gains and

Nifty Price action technical analysis

Nifty Daily technical analysis – Starts the week with a negative bias

By Trading Predator February 8th, 2016 No Comments

It seems like either investors are not in good mood or they’re so cautious about upcoming news flows. Nifty reflected the bearish sentiment precisely, when it fell from 7500 – exactly 2 hours before the market close. Shares fell more than 1 percent; it’s a biggest daily decline since last 2 weeks. From the perspective