Sensex sees marginal recovery, down over 100 points; Nifty back at 10,900

Market opens It’s a gap down start to the market on Thursday morning, with the Sensex taking a cut of 0.7 percent, while the Nifty has given up 10,900-mark. 

All sectors are trading in the red, with maximum cuts visible among banks, automobiles, energy and metals, among others. The Nifty Midcap index is down around a percent. 

The Sensex is down 259.49 points or 0.71% at 36224.84, while the Nifty is down 78.90 points or 0.72% at 10888.40. The market breadth is negative as 197 shares advanced, against a decline of 264 shares, while 32 shares were unchanged.

Sun Pharma, M&M, and Tech Mahindra are the top gainers, while Vedanta, NTPC, and Hindalco lost the most. 

Rupee opens The Indian rupee has opened at 70.68 per US dollar, a weaker opening compared to previous close of 70.40 per US dollar.

Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-sees-marginal-recovery-down-over-100-points-nifty-back-at-10900-3309991.html

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Opening Bell

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Closing Bell

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NCDEX Support and Resistance Level

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Sensex jumps over 200 points amid mixed global cues; Nifty above 10,850

  

Market opens It’s a strong start to the market on Monday morning, with the Nifty hitting 10,850-mark. The Sensex is up around half a percent. 

The Sensex is up 179.58 points or 0.50% at 36142.51, while the Nifty is higher by 46.30 points or 0.43% at 10851.80. The market breadth is positive as 317 shares advanced, against a decline of 110 shares, whereas 48 shares were unchanged.

All sectoral indices are trading in the green, with metals, energy and pharmaceutical indices leading the top gainers’ chart. The Nifty Midcap index is up around one-third of a percent. 

Vedanta, Power Grid, and NTPC were the top gainers, while Larsen & Toubro, and Zee Entertainment lost the most. 

Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-jumps-over-200-points-amid-mixed-global-cues-nifty-above-10850-3296811.html

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Week in 5 Charts: Sensex, Nifty up 1% on strong IIP, easing WPI data

After a subdued start on Monday ahead of election result of five states, the market bounced back from the low point in the week ended December 14 amid strong domestic economic data and mixed global cues.

Despite BJP losing all three states, strong IIP and better WPI and CPI lent some support to the market.

India's WPI inflation, which is calculated on wholesale prices, fell to 4.64 percent in November 2018, from 5.28 percent in October on lower power and fuel inflation and food deflation. However, November WPI core inflation was at 4.8 percent against 5.1 percent, MoM.

On the other hand, India’s industrial production (IIP) grew 8.1 percent in October as against 4.5 percent in September, while CPI inflation eased to 2.33 percent in November compared to 3.4 percent in October.

The Sensex rose 0.81 percent this week, or 289.68 points, to ending at 35962.93, while Nifty was up 1.04 percent, or 111.75 points, to close at 10805.45.

On a weekly basis, the rupee depreciated 1.53 percent (Rs 1.09) against the dollar as it ended at 71.89 on December 14 against December 07, closing of 70.80 against the dollar.

Source:https://www.moneycontrol.com/news/business/markets/week-in-5-charts-sensex-nifty-up-1-on-strong-iip-easing-wpi-data-3293991.html

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How to use double candlestick chart pattern for trading

A candlestick depicts the battle between Bulls (buyers) and Bears (sellers) over a given period of time. All known information is reflected in the

price. The relationship between the open and close is considered vital information and forms the essence of candlesticks.

What is ‘Double Candlestick Pattern’?

Candlesticks are so named because the rectangular shape and lines on either end resemble a candle with wicks; and we will be studying most
relevant double candle stick reversal pattern. Each candlestick usually represents one day’s worth of price data about a stock. Double
Candlestick Pattern involves two consecutive candlesticks and these two consecutive candlesticks if interpreted correctly give excellent

trading insight.

ormation of Double Candlestick

The trading signal is generated based on two day’s trading action. The length signifies the range for the trading day; however trades have to

be qualified based on the length of the second day’s candle and formations of two candles as well.

One should avoid trading based on subdued short candles without confirmation candle.

List of Double Candlestick Patterns

Candlestick patterns can be made up of one candle or multiple candlesticks, and can form reversal or continuation patterns. Some of the most

useful & popular double candlestick patterns are mentioned below.

1. Bullish Engulfing
2. Bearish Engulfing
3. Bullish Harami

4. Bearish Harami

Source:https://www.moneycontrol.com/news/business/markets/technical-classroom-how-to-use-double-candlestick-chart-pattern-for-trading-3294241.html

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