Trade setup: Nifty has key support at 8,310 and 8,235 levels
The RSI on the daily chart was at 15.15 and it continued to remain deeply oversold.
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Support will be the trend line area at 9,600, followed by 9,100 ...
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The Nifty50 has traded at RSI below 30 on only 102 trading days out of a total 3,906 t...
If Nifty breaks losing streak, these 17 stocks likely to be first big gainers
The MACD is known for signalling trend reversals in traded securities or indices.
Bluechips lose momentum, but these 24 stocks are gaining strength, suggests MACD
MACD formed a bullish crossover on these counters, hinting at the possible upside.
Stock market update: MACD shows these 25 stocks are set for big rally
MACD shows shares of ONGC among others have witnessed an upward crossover, or bullish crossover.
Trade setup: Nifty likely to test 20-DMA, at risk of slipping below crucial levels
On Monday, market will see a tepid start to the session as it adjusts to Friday's trends.
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In the event of any corrective move, volatility is likely to increase from current levels.
Trade setup: Nifty may see fresh weakness below 8,550 level
RSI on the daily chart was at 36.02, and remained neutral, showing no divergence against the price.
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The momentum indicator formed a bullish crossover on these counters.
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Nifty needs to breach the 8,900-9,000 range, before instilling confidence among investors.
Tech View: Nifty50 support shifts higher; next target at 12,200 level
Momentum indicator MACD is close to giving a bullish crossover on the daily scale.
Axis Bank, REC, HPCL among 26 stocks ready to rise, shows MACD
Strong trading volumes on many of these counters lent credence to the emerging trend.
MACD trading rules
To make it clearer, we have marked one bullish crossover with an up-arrow key and one bearish crossover with a down arrow key.
Tech View: Nifty forms Small Bearish Candle, MACD signals more selloff
A trade below 12,150 will accentuate the decline, dragging the index lower to 12,130-12,040.
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