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Doji pattern News
Upside resistance expected around 5,157-5,177 The Nifty October futures failed to move above the resistance zone of 5,150-5,160 for the fourth time in the last seven trading sessions, and closed near the day’s low, as other timeframe traders turned sellers. The November futures closed (5,127) in a Doji pattern (opening price is the same or very near to the closing price), indicating an equilibrium in buying and selling. The Doji, however,
A sell-off may lead to a low of 5,006
After a gap-down opening at 5,053, and moving down to the day’s low of 5,013, the Nifty October futures closed in a Doji pattern, as the day timeframe traders turned buyers at the lower
Nifty may fall to 4,700 on weak global markets
The Nifty October futures, after trading back and forth between 4,747 and 4,844, settled in a Doji pattern at close, indicating an equilibrium between buyers and sellers. State Bank of India (SBI)
Nifty likely to struggle to trade above 4,900
After gap-down opening at 4,870 and moving down to the day’s low 4,813, the Nifty October futures closed in a Doji pattern, as the day timeframe traders, mostly institutions, turned buyers at
Global cues may see recovery to 5,040-5,080
Index may open on weak note over US job data
The market is likely to open on a weak note on Monday, in response to the weak closing of US and European stocks on Friday. In late trade on Friday, SGX Nifty settled at 4,996 - 50 points below the |
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