Nifty Set To Open Gap Down On US Tariff Worries 0 1266

Pre Market Updates: Monday September 10
Nifty levels


  • US. stocks fell for a fourth straight days as Trump suggests more tariffs on China
  • European equities posted their biggest weekly decline since March
  • Asian shares started the week in the red again
  • Next focus on US inflation for August due Thursday and a stronger number could once again send the dollar surging.
  • Then it would bring more tension on global markets.
  • Nifty likely to trade in 11,350 and 11,650 range this week.
  • Nifty likely to trade between 11440 and 11550 today.

Nifty50 Technical Analysis: Hammer candle

  • The Hammer formation is created when the open, high, and close are roughly the same price. Also, there is a long lower shadow, twice the length as the real body.
  • Hammer formation is considered less bullish, but nevertheless bullish.
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