NSEI breaks below previous session low


NIFTY 50 (NSEI) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
NSEI breaks below previous session low
TQ Sentiment
Technical Forecast:
Overview

NSEI ended Thursday at 10808.05 losing INR48.65 (-0.45%). Closing below Wednesday's low at 10842.65, the market confirms its breakout through the prior session's low having traded INR69.10 below it intraday.

Daily chart for NSEI
Volatility

Thursday's trading range was INR60.15 (0.56%), that's far below last trading month's daily average range of INR92.73. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to a key support level at 10770.30.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying could speed up should prices move above the nearby swing high at 10893.25 where further buy stops might get triggered. Further buying could move prices higher should the market test May's close-by high at 10929.20.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for NIFTY 50
ConditionForecastDirectionWinAvgWorstBestEvents
Down Close Near Low of Period TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Black Candle TQ Pro Members Only
RSI(2) below 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when NIFTY 50 traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Equity Indices Top Movers

ETHUSD 536.1919.91 3.86%
NKY 22,555.43276.95 1.24%
HSI 29,696.17228.02 0.77%
BTCUSD 6,737.8430.35 0.45%
DXY 94.7300.270 0.29%
EURUSD 1.1592-0.0031 -0.27%
GOLD 1,277.0-3.6 -0.28%
NDX 7,228.04-23.37 -0.32%
FTSE 7,603.85-27.45 -0.36%
SPX 2,762.57-11.30 -0.41%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Equity Indices

NASDAQ100 10 day candlestick chart for NASDAQ1007,255.25 -18.25
-0.25%
DOW30 10 day candlestick chart for DOW3024,728.0 -280.0
-1.12%
SPX 10 day candlestick chart for SPX2,762.57 -11.30
-0.41%
INDU 10 day candlestick chart for INDU24,700.21 -287.26
-1.15%
NDX 10 day candlestick chart for NDX7,228.04 -23.37
-0.32%
IXIC 10 day candlestick chart for IXIC7,725.58 -21.45
-0.28%
RTY 10 day candlestick chart for RTY1,693.45 0.99
0.06%
VIX 10 day candlestick chart for VIX13.35 1.04
8.45%
FTSE 10 day candlestick chart for FTSE7,603.85 -27.45
-0.36%
DAX 10 day candlestick chart for DAX12,677.97 -156.14
-1.22%