Nifty continues to give the feeling of a range trading market, primarily because momentum has been absent on either side.

The current setup still appears more constructive than outright bearish in the case of BankNifty. The index is approaching a rising trendli...

Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 2...

Nifty now faces immediate resistance in the 9,250-9,300 range.

Among dojis, dragonfly and gravestone dojis are more important, and therefore, need special mention.

It is time to understand different types of candlesticks.

India VIX moved up by 1.83 per cent to 13.61.

Ratnaparkhi believes levels around 12,350-12,400 zone will be a key short-term target for Nifty.

The market has managed to survive above the lowest mark of the previous session.

NSE Nifty opened on a flat note on Friday, but soon reversed course and extended losses.

For the time being, traders are advised to wait for a breakout above 11,700.

For the day, Nifty fell 23.40 points, or 0.20 per cent, to end the session at 11,724.

A Gravestone Doji indicates the bears are becoming active after the sharp rally.

The candle pattern of last three sessions indicates a crucial top reversal pattern.

A lower high-lower low candle over the previous day’s candle signalled a negative bias.

A Doji candle indicates that the decline is being bought into, as Nifty got stuck in a range.

Chandan Taparia says the downside support for the index is placed firmly at the 10,600 level.