Nifty50 Forms Bullish Crossover; But Don’t Go Short Yet

On Friday, it was observed that the Nifty50 snapped a six-day losing streak. It has formed a Hammer-like pattern on the daily charts. In the morning session, the index respected its 200-day exponential moving average that was nearby 10,140 levels. It is expected that this will act as a short-term…

Nifty Forms Bearish Belt Hold, But Looks Set For A Pullback

On Monday, experts claimed that the Nifty50 declined for the fourth consecutive session. It was observed that during the four-day, 223-point drop and the index slipped below its 100-day moving average. On the other hand, it is said that index held on to its broader 10,300-10,630 range. The experts also informed…