TraderRu
Back to Home Market Musing Market this week – 26th March 2024

Market this week – 26th March 2024

Analysis , Learning , Weekly

Pixarts Trade March 23, 2024 01:25 PM

Card Image

A Doji at the support level, which was confirmed with another positive candle, which has been engulfed. Looks positive…[..]


:: Last Expiry – Overview

NIFTY 50

NIFTY continued its up move and touch new all time high and it is at pause.

BANK NIFTY

Banknifty confirmed a Bullish Marubuzzo with small Doji like candle.


:: Market this week, 26th March 2024 – What the Technicals’ say?

NIFTY 50     
Fig. Nifty Chart

After triangular bullish pattern confirmed, market tested back the upper trend line of the triangle, and formed a candle with strong wick at the bottom looks like it is forming a base and taking support.

On a daily time frame a strong bullish engulfing is formed with a good volume on the foothold of a Doji at the bottom.

Important Levels

BANKNIFTY   
Fig. Banknifty Chart

Upon touching a support, it seems like it is taking support- as a strong wick at the bottom.

On the daily time frame, a Doji at the support level, which was confirmed with another positive candle, which has been engulfed. Looks positive.

Important Levels

Please follow the link to see the detail chart analysis.

Charts for 26th March, 2024, Week.


:: What does data say about this week, 26th March 2024?

FII & DII Activity

11th March 2024
Fig. FII Activities

Note:: OI suggests a critical support at 22,000 , and resistance at level 22,500 observed.

Note:: OI suggests a critical level at 46,500, and 47000 at critical resistance.

Please follow the link to see the detail chart analysis.

Data for 26th March, 2024 Week.


:: Market Sentiments

World Markets – World market traded mostly flat to bullish.

GIFT NIFTY FUTURES – Closed around 22,171.00 at 02:15am 24-03-2024.


:: Events Upcoming

26th March 2024

Fig. Events this week

Leave Your Comments Here...

Your email address will not be published. Required fields are marked *