{"id":102085,"date":"2018-11-26T21:00:56","date_gmt":"2018-11-26T21:00:56","guid":{"rendered":"https:\/\/www.bnreport.com\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/"},"modified":"2018-11-26T21:00:56","modified_gmt":"2018-11-26T21:00:56","slug":"tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/","title":{"rendered":"Tech view: Nifty forms Hammer candle, may extend rise this time"},"content":{"rendered":"

NEW DELHI: The Nifty50 rallied over 100 points on Monday to get past the 10,600 level. The index formed a Hammer candle<\/a> on the daily chart<\/a>, suggesting that every selling was bought into. The index has its upside capped in the 10,740-10,775 zone, as the advance-decline ratio needs to be improved for further strength. <\/p>\n

The 10,489 level will act as a crucial support in the immediate term. For the day, Nifty<\/a> rose 101.85 points, or 0.97 per cent, to 10,628. The ambiguity seems to have disappeared for now, said Sameet Chavan of Angel Broking. <\/p>\n

\u201cOn the hourly charts, the index oscillated within the boundaries of a Falling Wedge pattern. It found support at the lower end of this pattern at 10,500 and then went on to confirm a breakout at the higher end i.e. 10,580. We will not be surprised to see Nifty extend this move towards 10,690 and 10,740 levels,\u201d he said. <\/p>\n

The advance-to-decline ratio was negative for the day, as only 681 stocks settled higher on NSE<\/a> against 1,033 declines. This could be a cause of concern. <\/p>\n

Any rise would be shallow, and the index could face headwinds around the 10,740-10,821 range, said Arun Kumar, Market<\/a> Strategist, Reliance Securities. <\/p>\n

Similar views were echoed by Mazhar Mohammad of Chartviewindia.in, who said a bigger rally going forward should not be expected unless the Nifty50 registers a fresh breakout above the 10,774 level. <\/p>\n

The index, meanwhile, is approaching the 200-day SMA placed at 10,755. A sustained trade above 10,650 will take it to 10,755- 10,780 levels, said Aditya Agarwala of YES Securities. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

[contf]
\n[contfnew]
\n <\/p>\n

ET Markets<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI: The Nifty50 rallied over 100 points on Monday to ..<\/p>\n","protected":false},"author":1,"featured_media":102087,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-102085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nTech view: Nifty forms Hammer candle, may extend rise this time - Business News Report<\/title>\n<meta name=\"description\" content=\"NEW DELHI: The Nifty50 rallied over 100 points on Monday to ..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech view: Nifty forms Hammer candle, may extend rise this time - Business News Report\" \/>\n<meta property=\"og:description\" content=\"NEW DELHI: The Nifty50 rallied over 100 points on Monday to ..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-26T21:00:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-4-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"90\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Tech view: Nifty forms Hammer candle, may extend rise this time\",\"datePublished\":\"2018-11-26T21:00:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/\"},\"wordCount\":266,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/Master-4-4.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/\",\"name\":\"Tech view: Nifty forms Hammer candle, may extend rise this time - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/Master-4-4.jpg\",\"datePublished\":\"2018-11-26T21:00:56+00:00\",\"description\":\"NEW DELHI: The Nifty50 rallied over 100 points on Monday to ..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/Master-4-4.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/Master-4-4.jpg\",\"width\":728,\"height\":90},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tech view: Nifty forms Hammer candle, may extend rise this time\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tech view: Nifty forms Hammer candle, may extend rise this time - Business News Report","description":"NEW DELHI: The Nifty50 rallied over 100 points on Monday to ..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/","og_locale":"en_US","og_type":"article","og_title":"Tech view: Nifty forms Hammer candle, may extend rise this time - Business News Report","og_description":"NEW DELHI: The Nifty50 rallied over 100 points on Monday to ..","og_url":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2018-11-26T21:00:56+00:00","og_image":[{"width":728,"height":90,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-4-4.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Tech view: Nifty forms Hammer candle, may extend rise this time","datePublished":"2018-11-26T21:00:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/"},"wordCount":266,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-4-4.jpg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/","url":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/","name":"Tech view: Nifty forms Hammer candle, may extend rise this time - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-4-4.jpg","datePublished":"2018-11-26T21:00:56+00:00","description":"NEW DELHI: The Nifty50 rallied over 100 points on Monday to ..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-4-4.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-4-4.jpg","width":728,"height":90},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/tech-view-nifty-forms-hammer-candle-may-extend-rise-this-time\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Tech view: Nifty forms Hammer candle, may extend rise this time"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/102085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=102085"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/102085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/102087"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=102085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=102085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=102085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}