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Nifty’s 5-day fall may be nearing a reversal; Anand James maps key levels for this week
The consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move. Further, 20-week SMA at 23741 is also nearby, providing support, should there be weakness early next week. However, weekly oscillators are not positioned to support vertical rise.
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economictimes.indiatimes.com
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Sensex sinks over 2,000 points in 5 days. How scary do the charts look for next week?
Indian markets enter a crucial week with Nifty testing the key 23,600 support after five straight sessions of losses. Rising crude oil prices, weak earnings and global headwinds…
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Nifty in oversold territory; pullback to 24,000 possible: Analysts
The Nifty 50 has declined and is now near oversold levels. Analysts suggest a potential pullback towards 24,000 if support at 23,600 is maintained. Traders are advised to consider…
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Nifty’s 5-day fall may be nearing a reversal; Anand James maps key levels for this week
The consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move. Further, 20-week SMA at 23741 is also…