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    GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a subdued opening on Thursday. Here is all you need to know before the market opens. GIFT Nifty was up 7 points, or 0.03%, at 23,521.50 indicating a muted start for the domestic indices NSE Nifty 50 and  BSE Sensex  on Thursday. Previously, on Wednesday, the NSE Nifty 50 closed 42 points or 0.18% lower to finish at 23,516, while the BSE Sensex gained 36 points or 0.05% to finish at 77,338. The Wall Street or US markets were closed on Wednesday on account of the Juneteenth holiday. It closed a record high on Tuesday as Nvidia’s shares were on a winning spree and marched to new highs, surpassing the  market  cap of  Microsoft . The S&P 500 added 0.25% to settle at 5,487, closing at a fresh record. Similarly, the tech-heavy Nasdaq Composite moved 0.03% higher to end at 17,862.23. The Dow Jones Industrial Average rose 56.76 points, or 0.15%, to end at 38,834.86....

  Implication A Flag (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. Description A Flag (Bullish) follows a steep or nearly vertical rise in price, and consists of two parallel trendlines that form a rectangular flag shape. The Flag can be horizontal (as though the wind is blowing it), although it often has a slight downtrend. The vertical uptrend, that precedes a Flag, may occur because of buyers' reactions to a favorable company earnings announcement, or a new product launch. The sharp price increase is sometimes referred to as the "flagpole" or "mast". Figure 7: Flag (Bullish) The rectangular flag shape is the product of what technical analysts refer to as consolidation. Consolidation occurs when the price seems to bounce between an upper and lower price limit. This might occur, for example, in the days following a positive product announcement, when the excitement is starting to subside, and fewer buyers are willin...

  Any clear direction will only emerge after the results, so traders are advised  not to take any overleveraged positions and keep their trades light and with strict stoploss . Looking at the wide range of highest CE and PE, traders are expecting a wide trading range for the week,” he recommended.