Wednesday 25 April 2018



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The Nifty50 managed to close on a positive note for the second straight day backed by earnings boost. After making a cautious start, amid weak global cues, markets traded in red terrain for the most part of the day.

But, it finally managed to close above the 10,600 mark forming a bullish candle pattern on the daily scale. The Relative Strength Index – RSI on the Daily Chart is at 65.42 showing an upward momentum.


The MACD is also trading above the zero line with positive crossover, which indicates that the bias could remain bullish for the next few trading sessions. India VIX fell by 9.51 percent at 11.89. A decline in VIX suggests limited downside and a consolidation.

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