Dalal Street Investment Journal
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Nifty Faces Resistance At 23,860 As Volatile Trade Extends Consolidation
The ongoing consolidation phase has now lasted around seven trading sessions, compared with the previous consolidation period between April 23 and May 11, which continued for nearly 12 sessions.
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Nifty Stuck In A Range; When Can Traders Expect A Breakout?
Nifty needs a decisive close above its 50-DMA, placed near 23,659, to strengthen the bullish bias.
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Nifty Logs Narrowest Range in Seven Sessions
Immediate support for the Nifty is placed near 23,550. A close below that level could strengthen bearish momentum.
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Nifty Weekly F&O Expiry Today: Can Nifty Sustain Recovery After 300-Point Bounce?
Buying interest near the lower Bollinger Band triggered a sharp recovery, with Nifty filling the opening gap before ending 6.45 points, or 0.03%, higher at 23,649.95.
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Nifty Bulls On Back Foot As Rupee Weakens, Crude Prices Stay Elevated
From a technical perspective, the Nifty 50 remains in a vulnerable setup after failing to sustain above the crucial resistance zone of 23,830 to 23,860.
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Nifty Forms Morning Star Pattern After Rebound; Key Levels To Watch
The Nifty needs to hold above Thursday's high of 23,777 for the recovery to continue. A sustained move above that level may push the index towards the 50-day moving average near 23,836.
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Nifty Recovery Fails To Signal Trend Reversal; Hindustan Copper Breakout Keeps Stock In Focus
On the daily chart, Nifty formed a green candle with shadows on both sides, reflecting sharp intraday movement. The index, however, continued to post a lower high and lower low compared with the previous session.
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Nifty Weekly Expiry Today: Index Tests Key 23,800 Support
Technical indicators point to rising pressure on the index at a time when traders are tracking expiry-related volatility.
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Can Nifty Cross 26,000 Before Year-End? THIS Level Could Decide The Next Big Move
The Nifty 50 is approaching a critical resistance cluster. A sustained breakout above 25,450, supported by volume expansion, could open the gates for higher targets in the short to medium term.
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Nifty Forms Bearish Engulfing Near Swing High — Can 20-DMA Support Hold?
The Nifty closed below the previous two sessions’ lows and also breached a key support level at 25,152.
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Nifty Records Narrowest Daily Range Ahead Of Weekly Expiry — What It Means For Traders
The benchmark Nifty 50 index opened with a gap-down on Monday. However, after the initial dip, there was no major follow-up selling, and prices gradually recovered through the session. Importantly, the index protected both the first-hour low and Friday’s session low (on a closing basis) — precisely as anticipated in the previous analysis. Inter...
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Nifty’s Next Big Test: Can It Cross This Level To Claim A New All-Time High?
For the near term, resistance is seen at 25,400 followed by 25,550–25,600 for the Nifty.
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Nifty Stuck In 200-Point Range: Big Breakout On The Cards?
Despite closing near the session’s high on Thursday, Nifty could not close above the previous day’s peak or the high of the first Shooting Star formed on Tuesday.
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Nifty At 20-DMA Support: Should You Buy The Dip?
On the daily chart, Nifty formed a small-bodied bearish candle with a long upper shadow, indicating selling pressure at higher levels.
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History Favors Bulls: Nifty Has An 80% Win Rate When Diwali Falls In October
Historical data since 2003 reveals that whenever Diwali falls in October, the Nifty 50 has closed in positive territory 80% of the time.
