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Blog posts : "charts"

Crucial Week Ahead: NIFTY Set To Deal With Multiple Imp Technical Setups; RRG Chart Point Towards Sector-Specific Moves

Unlike the previous week that had stayed uneventful for the markets, the Indian equities witnessed an immensely volatile week that ended this Friday, September 25, 2020. The markets saw a good start to the week, but the second half of the week stayed terribly volatile that saw the markets ending wit…

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Friday Trade Setup: NIFTY To Make Attempts To Stabilize; Strengthening Dollar Index Remains A Concern

The equity markets had a disastrous day of the trade as the expiry of the current derivative series literally saw the blood bath on the streets. The markets opened lower, got much weaker during the day, and ended with a deep cut. The NIFTY saw a gap down opening following overnight global weakness a…

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Thursday Trade Setup: NIFTY To Stay Dominated With Expiry Moves; Resistance Points Have Been Dragged Lower

A session that can be called interesting from a technical perspective, the markets did all those things that it was expected to do. It did see a positive opening, attempted a pullback and at the same time also face a strong selling pressure at higher levels when it attempted to go near the 50-DMA. A…

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Outlook For Wednesday; NIFTY Might Attempt A Mild Pullback; Broader Structure Remains Weak

The markets struggled to find feet on the second day of the trading week as it ended the second day with a cut. The NIFTY saw itself opening on a positive note. However, post opening on a positive note, the markets marked its high in the very early seconds of the trade. Immediately after that, the N…

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Tuesday Trade Setup: NIFTY To See A Jittery Start; Crawling Back Above This Level Crucial

In a very disappointing and ugly day of trade, the Indian equities fell in line with the global weakness and ended the day with a deep cut. The markets saw a positive opening for the day and traded with limited gains until afternoon. Despite negative Asian markets, the Indian markets relatively outp…

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Monday Trade Setup: NIFTY May See A Soft Start; Markets Lacks The Required Momentum To Move Higher

The day of maintained gains fizzled out in the last hour and a half of Friday as the NIFTY not only gave up all gains but also showed wide ranging swings on either side. The markets showed a strong and positive start to the day. The beginning stayed on better-than expected lines. The good thing was,…

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Week Ahead: Slippery Road Ahead For the NIFTY; RRG Charts Show No Major Shift On The Sectoral Front

The week remained largely uneventful for the markets as they traded in a narrow range and consolidated over the past five days. The trading range also remained much narrow as compared to the earlier weeks. The NIFTY witnessed a movement in the band of just 235-odd point while avoiding taking any dir…

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Friday Trade Setup: NIFTY Continues To Stay Precarious; May Get Weak If It Slips Below This Level

Despite the overnight global weakness, the Indian equities staged a resilient show but went on to end the day on a negative note. Following overnight weakness in the US Markets and prevailing weakness within Asia, the Indian markets saw a lower opening. However, the opening was on a negative note, b…

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Thursday Trade Setup: Weekly Options Expiry To Keep NIFTY In Defined Range; Selective Approach Is Advised

It was a positive day of trade for the Indian markets, as the NIFTY went on to extend its gains after half a day of consolidation. The markets saw a positive start to the trade and traded with capped gains in the morning session. At one point, after trading in defined range, the NIFTY gave up its ga…

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Outlook For Wednesday: NIFTY May Attempt Incremental Upsides; Likely US Dollar Pullback Stays A Risk

The bulls refused to let go of their grip on the markets as the Indian equities resumed its surge to end the day with a decent gain. The start to the day was a bit jittery on the expected lines. The NIFTY opened with a on a decently positive note but soon pared all its morning gains by late morning …

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Tuesday Trade Setup: NIFTY Weak Against Broader Markets; Continue Staying Defensive

In a wide-ranging and volatile session, the NIFTY hung precariously near its crucial levels after ended the day on a modestly negative note. The markets saw a buoyant start on the expected lines and stayed strong until the first half of the trading session. As mentioned in the previous technical not…

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Monday Trade Setup: NIFTY Likely To See A Stable Start; Crucial To Keep Head Above These Levels

In a thoroughly listless day, the markets spent the whole session trading in a very capped and narrow range and ended the day on a flat note. The markets saw a modestly positive opening to the session on anticipated lines. After that, it soon pared those modest gains in the early morning trade. Afte…

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Week Ahead: This Fractal Pattern Is A Concerning Factor For Near Term; RRG Charts Tell To Stay Sector-Specific

The Indian equities ended the week with modest gains as it struggled to keep afloat when the global markets showed sharp corrective moves leading to the revision of means. In a trading range that stayed narrower if compared to the week before this one, the headline index ended with gains while the b…

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Friday Trade Setup: Important For NIFTY To Stay Above This Pattern Resistance Point; Has A Turbulent Patch Ahead

Contrary to the expectations, the weekly options expiry day remained a strongly trending one as the NIFTY ended the day on a strong note. The markets opened on anticipated lines and traded in a range amid modest gains. However, after the late morning trade, the trend got even stronger. The NIFTY tes…

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Thursday Trade Setup: Weekly Expiry May Keep NIFTY Both Range-bound & Volatile; Stay Light

In a relatively resilient day of trade, the Indian equity staged a range-bound move before ending the day with a modest cut. Following the overnight weakness in the global markets, the Indian equities saw a weaker opening. After opening negative, the NIFTY plunged to the day’s low of 11185 by aftern…

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Outlook For Wednesday: NIFTY To Stay Largely Range-bound; These Levels Will Have Prominent Reference Point Going Ahead

Tuesday’s session literally saw the markets trading precisely on the anticipated lines. The absence of overnight global cues saw the markets opening on a positive note and getting stronger as the day progressed. At the same time, the NIFTY resisted precisely at the double top resistance point of 114…

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Tuesday Trade Setup: Absence Of Overnight Cues May Aid A Steady Start; NIFTY To Stay Ranged Until It Moves Past This Level

In a volatile, but range-bound session of the trade, the markets consolidated and attempted to find a short-term bottom for itself on anticipated lines. The NIFTY opened positive, but soon slipped in the red in the initial minutes of the trade.  However, after the low of 11251.70 that was marked in …

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Monday Trade Setup: NIFTY Likely To Stay Volatile As It May Attempt To Stabilize; Watch These Levels While Staying Light

The session on Friday saw the Indian markets resuming its downtrend along with the global peers as it opened with a gap down and ended with a deep cut. The markets saw a gap down opening but held the opening lows. Not only did the Index held to its morning lows but showed some significant recovery a…

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Week Ahead: Staying Above These Levels Crucial For NIFTY; RRG Chart Shows These Sectors Continuing To Outperform

In a wide-ranging trading week, the Indian equity markets halted its four-month winning streak. The NIFTY met its important pattern resistance from where it reacted. Over the past five trading sessions, the NIFTY saw a trading range of close to 500-points. Amid volatile moves, it was a time for unde…

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Friday Trade Setup: NIFTY Likely To Continue To Consolidate; These Levels Crucial If Full Throwback Occurs

In a structured day of trade where the option writers controlled the trajectory of the markets, the Indian equities continued to consolidate and ended flat with minor loss. The NIFTY saw a positive opening to the day. However, it marked the day’s high in the very early minutes of the trade. The inde…

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