After testing the historic figure of 50,000 on the Sensex, the markets have expectedly slipped under some corrective consolidation. In the previous note, the behavior of NIFTY against the price level of 14650 was highlighted. We had mentioned that if the NIFTY fails to move past this level, we may s…
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Truncated Week Ahead: NIFTY To Continue Profit-Taking At Each Higher Levels; RRG Chart Shows The Sectors Sharply Paring Relative Momentum
In the previous week’s note, it was mentioned that the markets have shown first signs of fatigue as it marked the high point of 14653. This was the point where profit-taking bouts emerged in the markets. Over the week that went by, the markets did make some incremental high; however, it failed to mo…
Friday Trade Setup: NIFTY Likely To Show Mild Pullback; Moving Past This Level Crucial
The market session on the Thursday stayed as much eventful as it was expected in our previous technical note. In absence of any overnight negative cue, the Indian equities opened on a buoyant note, the BSE Sensex tested the historic figure of 50,000, and also very much on the anticipated lines, the …
Thursday Trade Setup: NIFTY Set To Do All These Things; No Overnight Negative Cues Is A Precondition
Much on the anticipated lines, the markets continued with its strong pullback and reached the higher end of the current consolidation channel it has formed while it ended the day with gains. The NIFTY saw much better than expected start to the day; it got stronger as the day progressed. Broadly spea…
Outlook For Wednesday: NIFTY Markets A Broad Consolidation Zone; Protect Profits Vigilantly At All Levels
The Indian equities staged a very strong comeback after two days of corrective activity and ended the day with strong gains. The markets opened on a positive note and got even stronger as the day progressed. The Index stayed in a one-way rising trajectory and kept marking incremental highs throughou…
Tuesday Trade Setup: NIFTY Likely To Stay Under Broad Corrective Consolidation; Look For Stocks With Improving Relative Strength
The Indian equity markets continued to correct for the second day in a row as it ended yet another day with losses; the financial and banking stocks remained particularly weak along with other Midcaps. The markets saw a modestly negative start to the day but soon widened its losses in the morning tr…
Monday Trade Setup: NIFTY Likely To See A Soft Start; This Point Marks An Intermediate Top
After demonstrating a near-vertical rallies over the past couple of days, the Indian equities finally showed some signs of broad consolidation setting into the markets. The Friday’s session saw the markets opening on a modestly positive note. However, the NIFTY soon slipped into the negative territo…
Week Ahead: NIFTY Stares At Some More Consolidation; RRG Chart Point Towards This Group Likely Ending Its Relative Underperformance
Although the Indian equity markets extended its weekly gains, it showed first signs of impending broad consolidation as it spent much of the last three days correcting from the higher levels. The start to the week was buoyant; however, after marking week’s high at 14653, the NIFTY continued witnessi…
Friday Trade Setup: Staying Above This Point Crucial For NIFTY; Focus On These Groups Of Stocks
In a session that was typically orchestrated as a one on any weekly options expiry day, the markets traded much on the anticipated lines. However, it also continued to show the inherent strength and strong undercurrents as it played out its usual template of some profit-taking bout and then recovery…
Thursday Trade Setup: NIFTY Needs To Stay Above This Point; Stays Prone To Bouts Despite Strong Undercurrents
The markets interrupted its unstoppable up move as it witnessed a heavy consolidation on the expected lines. The morning saw a smart and strong opening to the trade; this also saw the NIFTY testing an yet another life-time high point while it marked the high point for the day. However, the morning s…
Outlook For Wednesday: NIFTY Shows Very Strong Undercurrents; Still Stays Prone To Profit-Taking Bout
After some initial consolidation in the early morning session, the markets continued its unending up moves and went on scale a yet another dizzying height as it ended the day posting decent gains. The NIFTY saw itself opening on a quiet note on the expected lines. The first two hours of the sessions…
Tuesday Trade Setup: NIFTY Overstretched But Strong; FO Data Tells You To Adopt This Approach
The markets ended yet another session with gains as it continued to post up moves in an unabated manner following strong liquidity inflows. The NIFTY saw a modestly gap up opening; however, the morning session saw some minor intermittent profit taking bouts. The markets, in general, refused to give …
Monday Trade Setup: NIFTY Set To See A Positive Start To The Day; Avoid Shorts & Follow Upsides Cautiously
In the previous technical note, we had mentioned the levels of 14260 as a crucial level to watch as the NIFTY had consolidated marking high points during its short span on consolidation. The opening of the markets on Friday saw the Index opening just near this level. After a brief consolidation near…
Week Ahead: Buoyant NIFTY Stays Prone To Profit-Taking Bouts; RRG Chart Highlights Importance Of Staying Selective
In a week that was a bit more volatile than the earlier one, the Indian equities continues with their up move ended once again on lifetime high point. The trading range also wider over the past five sessions as the Index oscillated in the range of 414 points. On the anticipated lines, the markets di…
Friday Trade Setup: NIFTY Likely To Consolidate In A Defined Range; Fresh Up Moves Only Above This Level
In what can be called an onset of classical consolidation, the NIFTY took some breather again and spent the day in a defined range on the expected lines. The markets opened with a modest gap up and marked the intraday high point in the early minutes of the trade. The NIFTY, after that, spent the day…
Thursday Trade Setup: NIFTY To Consolidate More; These Levels Would Be Crucial
On the second last day before the expiry of the weekly options, the markets traded absolutely on the anticipated lines. They opened on a quiet note and stayed ranged in the first half the session. The second half of the session saw some sharp profit taking from the higher levels. The NIFTY came off …
Outlook For Wednesday: NIFTY At A Fresh High; Likely To Stay Ranged If No Negative Overnight Cues Exist
While keeping up with the daily routine of marking new highs every day, the markets once again staged a remarkable turnaround during the day to close at a yet another lifetime high. Following an overnight weak closing of the US markets, the Indian markets started on a backfoot as it saw a modestly g…
Tuesday Trade Setup: Undercurrent Strong; NIFTY Still Stays Prone To Profit Taking Bouts
In a volatile day of trade, the NIFTY continued to advance and ended with a new high; however, that was not without a sharp profit taking bout in the first half of the session. The markets saw a much better-than-expected start to the day. After opening positive and staying range bound in the first h…
Monday Trade Setup: NIFTY Stays Inherently Strong; Keep These Two Things In Mind While Approaching Markets
In a narrow range session on Friday, the Indian equities stepped into the new year on a quiet note, consolidation in a strong way and ended the day with modest gains. The NIFTY saw a positive start to the trade, and it stayed positive throughout the session. However, the markets remained within a ve…
Week Ahead: Weak Dollar Index May Continue Fueling Liquidity In Markets Unless It Pulls Up; RRG Chart Shows Strong Sectoral Setups
In a relatively much stable week, the Indian equity markets continued with its up move and have ended a yet another week with gains. The volatility that was witness in the week before this one was absent. Instead of a wide 700-point wild move that was witnessed, the past five days saw the NIFTY stay…
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