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Blog posts : "Daily Market Outlook"

Thursday Trade Setup: Weekly Options Expiry To Influence The Trade; NIFTY's Behavior Against These Levels Crucial

The unabated gush of liquidity continued to chase the equities as the Indian indexes closed with gains for the sixth day in a row. The markets opened positive and the NIFTY continued to trade with strong gains for the most part of the session while oscillating in a defined range and maintaining gain…

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Wednesday Trade Setup: Markets Being Chased By Liquidity In A Risk-On Setup; Gets Prone To Profit-Taking

For the fifth day in a row, the Indian equities markets continued to trend higher as liquidity chased the stocks, something that is very typical of a risk-on setup in the financial markets. The markets also shrugged off the event of downgrade by the Moody’s which changed the outlook on India to “neg…

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Outlook For Tuesday: NIFTY Stares At Imminent Consolidation; Risk-Reward Skewed At Higher Levels

A big gush of liquidity continued to chase global equities and the Indian markets were no exception. As a part of risk-on setup that has developed over the past couple of days, the Indian markets opened with a gap up while extending Friday’s gains. The NIFTY opening strong and headed higher as the d…

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Monday Trade Setup: NIFTY Stays Firmly Placed; Guarding Profits Is Extremely Crucial Now

After a negative start to the day, the Indian equity markets continued to post yet another set of gains for the third day in a row while it closed the session with gains. The NIFTY saw a negative opening, but after opening on a negative note, the Index crawled into the green in the first hour of the…

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Friday Trade Setup: NIFTY Moves Past This Important Level; Consolidation Likely With Positive Bias

The markets had an extension of the pullback on expected lines. The NIFTY saw a better-than-expected opening once again which saw the index opening above the 50-DMA level. Given the expiry of the current derivative series along with the expiry of the weekly options, the session stayed an orchestrate…

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Thursday Trade Setup: NIFTY May Extend Up move Subject To Behavior Against This Price Levels

In an unusually strong session, the markets witnessed a massive surge fueled may strong short-covering and this led the NIFTY to end the day on a robust note. The markets opened on a quiet note, and it spent the first hour of the trade in a very capped range and kept moving above and below the previ…

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Outlook For Wednesday: NIFTY Stays Tentative Resisting At This Point; Lack Of Conviction Dominates The Landscape

On the lines as mentioned in the previous note, the markets continued to display a total lack of conviction at higher levels. At the same time, it also continued to resist to the 50-DMA on a closing basis. The NIFTY saw a reasonably strong opening today as the markets opened after a gap of one day…

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Tuesday Trade Setup: NIFTY Lacks Directional Conviction; Need To Close Above This Level To Move Higher

Friday’s session got a surprise from the RBI Governor as the Central Bank announced a 40 cut in the Repo rate in the morning. The initial trade remained range bound as the markets awaited the RBI press conference, but the rate cut did not enthuse the markets. Immediately following a sharp spike on t…

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Outlook For Friday: NIFTY Halts At Critical Level; Any Up Move Should Be Chased Only Through Such Stocks

The expiry of the weekly options kept the markets in a highly defined range. While staying in a controlled range, the markets extended its up move while ending the day with modest gains. The NIFTY saw a positive and stable opening to the day and remained in a rising upward trajectory in the first ha…

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Thursday Trade Setup: NIFTY To Stay Dominated With Weekly Option Expiry; These Strikes Have Even Concentration Of Call OI

After spending a considerable part of the session trading in a sideways trajectory, the oversold short-term indicators aided a sharp pullback in the markets, which saw the markets ending near their high point of the day. The markets opened positive and maintained modest gains while it oscillated in …

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Wednesday Trade Setup: NIFTY May See Sporadic Pullbacks; Will Stay Vulnerable At Higher Levels

In what remained a demonstration of total lack of strength at higher levels, the markets again failed to capitalize on the gap-up opening that it got on Tuesday. We had mentioned in the previous note that although a technical pullback is likely, the sustenance of the same may be under the cloud as t…

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Tuesday Trade Setup: NIFTY May See Some Technical Pullback; The Are The Group Of Stocks You Should Focus On

While putting up a  very weak show, the Indian equity markets disregarded the favorable and stable global trade setup and ended the day with a deep cut. The markets opened on a modestly negative note but soon declined at a rapid pace. The first two hours of the session saw the NIFTY taking a sharp 3…

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Monday Trade Setup: NIFTY Lacks Convincing Directional Bias Amid Weak Technical Setup; Refrain From Doing This

The end to the trading week remained quiet as the markets did not make any significant directional move and ended on a flat note. The NIFTY witnessed a modestly positive opening, but it soon slipped in the negative territory in the initial minutes. The Index kept gradually trend lower while it marke…

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Outlook For Friday: Technical Setup Remains Predominantly Weak; NIFTY To Find It Difficult To Stage Pullbacks

The markets suffered a gap down opening again following a weak global setup and gave back more than what it had gained in the previous session. We had mentioned in the previous note that despite a gap up on the charts, there might not be any bullish implications on the following day. Trading precise…

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Thursday Trade Setup: Need To Critically Observe NIFTY's Behavior Against These Levels Given The Technical Setup and Options Data

The euphoria that was seen in the previous evening on SGX NIFTY failed to live up through the night. The session on Wednesday was important as it not only kept the markets in the defined range, also highlighted the importance of any given technical setup. Following the PM’s address of a stimulus pac…

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Wednesday Trade Setup: NIFTY May React To The PM's Address; Upside In Any Case To Stay Capped

After a weak start, it was a sharp short-covering led up move that helped the markets recoup the bulk of its losses and helped it end with a modest loss. The NIFTY saw a gap down opening following weak global trade setup. The markets got weaker after it opened, and at one point in time, breached the…

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Tuesday Trade Setup: Avoid Chasing Up Moves In NIFTY Until The Index Moves Past This Level

One more session for the markets wherein it failed to capitalize on a strong start and succumbing to a weak technical setup. The Indian equity markets had a start to the week on the expected lines. The markets saw a gap up, and much stronger-than-expected opening in the morning. However, after stepp…

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Monday Trade Setup: NIFTY May See A Stable Start To The Day; May Get Vulnerable At These Levels

It was yet another day for the markets where it failed to capitalize on the initially good start to the day. The markets saw a decently positive start to the day on Friday, however, after trending sideways, the NIFTY gradually pared most of its opening gains. After trading in a defined and capped ra…

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Friday Trade Setup: Declining Volatility Without Any Pullback A Matter Of Concern; NIFTY Remains At Crucial Point

In a day that was typically dominated with weekly options expiry, the markets witnessed a range-bound movement on the expected lines though it extended its loss. The NIFTY saw itself opening on a negative note but soon recovered its morning losses to trade flat near the previous close. However, the …

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Thursday Trade Setup: NIFTY Likely To See A Ranged Session; Upsides To Find Strong Resistance At This Level

Despite a negative start to the day, the markets managed to stage a rally in the morning session but failed to capitalize on it on anticipated lines. The NIFTY saw a negative opening, but after trading with losses initially, the index saw a sharp recovery in the first hour of the trade. After recove…

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20 blog posts