Momentum indicators are signalling improving strength, but the Nifty 50 is still trading below all key moving averages (except the 200 DEMA).
Investors now await key global and domestic macro data, including US non-farm payrolls and the unemployment rate later today, followed by India's CPI inflation and US initial jobless claims tomorrow.
Nifty 50 index formed a small bearish candle with a higher high and higher low signaling consolidation with a positive bias ...
The bulls would take heart from the fact that the Nifty ended near the day's high on Friday after falling below the 25,500 ...
Trade Setup For Feb. 13: Nifty 50 index formed a bearish candle with a lower high and a lower low signaling profit booking at higher levels around the 26,000 levels.