Global equity markets faced a sharp decline last week, with Nifty and Sensex down, but Nifty Bank index holding steady.

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On the charts ... the Sensex and Nifty 50 to scale new highs this year. Nifty rose to a high of 23,869.60 by Tuesday last week and then fell back for the rest of the week. The index touched ...

The daily chart shows that the Nifty 50 index has crawled back in the ... It has also formed a small inverse head and shoulders pattern. Therefore, the index will likely continue rising as bulls ...

The flag section also has a close resemblance to a falling wedge, a popular bullish pattern. Therefore, the Nifty 50 index will likely have a strong bullish breakout, with the next key level to ...

Copy link to section Nifty 50 index chart by TradingView The daily chart shows that the Nifty 50 index has plunged this year. It moved to a low of ₹21,755, its lowest level since June last year.

The RSI reading on Nifty’s daily chart is at 57 signaling a likely continuation of the uptrend in the near-term. The momentum on Nifty 50 Index calls for further upside action above 23,375 points.

The trends on Gift Nifty indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 22,950 ...

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around ...

The Bank Nifty appears technically stronger than the Nifty 50, with a possible move toward 51,500–52,000, followed by 52,800.