Global markets have shown surprising resilience over the past week - in the face of a continuing war that gets fiercer by the day. Does the market know something that we don't or this is just a short lived bounce, destined to taper off in the time to come. Only time can tell. Let's look at the charts to understand the technical picture. Nifty - Nifty has been flirting with the massive weekend gap of 2025 when the market closed at ~22900 on Friday, April 4 and opened at ~ 217

Over the past few weeks, Nifty has slipped below a consolidation range that had held for more than 10 months on the weekly chart. What’s concerning is not just the breakdown, but the fact that the index hasn’t been able to bounce back meaningfully since. Nifty Weekly chart showing a breakdown below a long range The Indian markets are facing pressure from multiple fronts. Geopolitical flare-ups are disrupting supply chains, and the relentless fall in rupee is increasing infla

Over the past few months, US indices have mostly been moving sideways. Yes, they’ve made new highs a couple of times — but each time, the move lacked follow-through. The clearest example was the DJIA breakout attempt on 6th February. It printed a strong bullish candle and closed outside the range. But the move didn’t sustain. Within a few sessions, price slipped back into the range — what we call a buy failure. Typically, a buy failure is a strong sell signal that can lead to

Nifty formed a small bullish candle last Friday that looks like a hammer within the support offered by a massive gap up of ~1200 points last Tuesday after the Indo-US trade deal was announced in the late hours on Monday. Daily chart below. Nifty daily chart showing a hammer formation at support last Friday It is also a small sell failure that breached a small 2 day range before reversing and closing strong on a Friday near the day high, right at a prior horizontal resistance

Last week, Indian markets sent out mixed signals, making the near-term outlook uncertain. A Reverse Hammer formed on the Nifty Futures daily chart last Friday, which also qualifies as a buy failure—a strong sell signal. Notably, this was the second close below the previous pivot low of 7th November, which is clearly not encouraging for the bulls. Nifty Futures daily chart showing a Reverse Hammer closing below support However, Bank Nifty tells a different story. It posted a c

After a very choppy December with numerous false signals, Nifty finally broke out of a range last Friday to close at an All Time High generating a Triple Top buy signal on the weekly chart. Weekly chart of Nifty showing a strong triple top breakout The broader market has performed in tandem. Consider below: ✅ Banknifty has also closed at a new ATH last Friday. The weekly candle is a long Bullish Engulfing that engulfs the prior 5 candles , a strong buy. Weekly chart of Bankn