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Blog posts : "traders"

Tuesday Trade Setup: NIFTY Tests This Crucial Level; Broader Structure Stays Weak Even If A Pullback Occurs

The Indian equities took a serious sentimental hit as it stepped into the new week with highest Covid cases and the administration grappling with the issues of supply constraints of Oxygen and the other medical infrastructure being pushed to the brink. Despite stable and positive global trade setup,…

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Monday Trade Setup: Quiet Start To The NIFTY Expected; Index Has Formed This Congestion Zone Within The Channel

It was a day of consolidation for the Indian equities as the NIFTY oscillated in a defined range before ending the day with a modest gain. The markets opened on quiet note on anticipated lines. Following a flat opening, the Index momentarily slipped in the negative zone, only to crawl back inside th…

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Week Ahead: NIFTY Almost Violated This Major Trend Line Support; RRG Chart Shows This Sector Rolling Inside The Lagging Quadrant

Over the past four trading sessions, the Indian equities continued to relatively underperform the global peers and ended the week on a modestly negative note. The previous week was a truncated one as Wednesday was a trading holiday. The NIFTY had a similarly wide trading range as it oscillated in 50…

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Friday Trade Setup: NIFTY Stays Inside Falling Channel; Likely Congestion Zone Created Between These Two Levels

Opening after a gap of one day, the Indian equities continued to underperform the global peers and failed to capitalize on the relatively better and buoyant setup as it managed to end the day with just modest gains. The session stayed dominated with weekly options expiry and stayed volatile within a…

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Thursday Trade Setup: NIFTY May See Incremental Move; This Broader Technical Picture Should Not Be Ignored

Following a steep cut in the earlier session, the markets recovered, more so in the second half of the session to end the day with gains. The NIFTY started on a quiet note on anticipated lines. However, it stayed in range until afternoon and did not make any major directional headway. However, the a…

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Tuesday Trade Setup: NIFTY Stays Within This Channel; Makes Structure Weak And Drags Resistance Lower

A sharp surge in Covid cases and impending lock down in parts of the country in general and Maharashtra in particular, dealt a serious blow to the sentiment as the NIFTY ended the day with a deep cup. Despite buoyant global setup, the Indian markets saw a very bad opening. The Index opened on a gap-…

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Monday Trade Setup: NIFTY Likely To See A Stable Start; Keeping Head Above This Level Important

On Friday, the Indian equities chose to stay in a defined range and consolidate above its crucial support levels. After seeing a flat start to the day, the NIFTY soon slipped in the negative zone in the morning session. After trading sideways and in a limited range until afternoon, it grew weaker to…

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Week Ahead: NIFTY Has This Pattern To Navigate To Move Higher; RRG Chart Shows These Sectors To Relatively Outperform

In a trading range that was wider than the previous week, the Indian equities did not make any directional headway and ended on a flat note over the past five days. On the expected lines, the NIFTY oscillated in a wider range, but stayed within the falling channel that the Index has formed following…

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Friday Trade Setup: NIFTY Stays Crucially Placed; Guard Profits Vigilantly Until This Level Is Taken Out

On a day which was wide-ranging and influenced with the weekly options expiry, the Indian equities moved everywhere before it ended the day with modest gains. The markets saw a better-than-expected opening today day. Following a positive start, the NIFTY traded in a defined range; however, it got st…

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Thursday Trade Setup: Weekly Options Expiry Shows NIFTY Evenly Placed; Sustaining Above This Point Crucial

While continuing to stay in a downward channel, the Indian equities extended their up move to end the day with gains. The NIFTY saw a stable start on the expected lines. After opening positive, the markets build some gains in the morning session. The index got stronger as the day progressed, and the…

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Outlook For Wednesday: NIFTY Likely To Stay In A Defined Range; This Texture May Continue Dominating The Markets

It was a day of a subdued trading for the Indian equities as the markets opened positive but stayed in a range before ending with mild gains. The markets opened on a positive note but soon slipped in the negative territory post opening only to recover and crawl back inside the positive zone. However…

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Tuesday Trade Setup: NIFTY Set To See A Tepid Start To The Day; Broader Range Still Stays Intact

Partial lockdown in Maharashtra and unabated rise in the fresh Covid cases dampened the sentiments in the markets. The Indian equity markets grossly underperformed the global peers and ended with a cut. The Markets saw a weaker-than-expected opening and got further weak as the day progressed. It soo…

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Monday Trade Setup: NIFTY May See A Stable Start; Watching These Things Crucial For Sustainable Move

Following some hiccups in the morning trade, the Indian equities ended on a strong note on Thursday which was the last trading day of the short and truncated week. The NIFTY opened positive on expected lines but soon pared its morning gains in the first hour and a half of the session to trade very n…

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Week Ahead: NIFTY Likely To See Incremental Gains; RRG Charts Show This Sector Ending Its Relative Outperformance

The previous week was a short and truncated one with just three working days. The NIFTY stayed volatile on the expected lines and danced to yield and a stronger dollar on the expected lines but continued to post some gains. On the weekly charts, the Index stayed much in a defined range, and inside t…

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Thursday Trade Setup: NIFTY To Stay In A Range; Caution May Weigh Ahead Of A Long Weekend

In a corrective move, the Indian markets gave back half of Tuesday’s gains as it ended the day with a cut. On anticipated lines, the steeper Bond yield and the strong US Dollar played its part on the emerging markets in general. The NIFTY opened on a negative note on expected lines and spent the fir…

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Outlook For Wednesday: Strong US Dollar and Yields To Affect NIFTY; Upsides To Stay Limited In Extent

The Indian equity markets saw a sharp upsurge as it made up for one trading holiday on Monday as it aligned with the global trade. The markets saw a gap-up opening and got stronger as the day progressed. After opening on a robust note, the Index strengthened and by afternoon, it successfully maintai…

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Tuesday Trade Setup: NIFTY Set To See A Positive Start; Behavior Against This Price Zone Crucial

Following three days of corrective action, the last day of the trading week was that of a less volatile nature. On the anticipated lines, the markets did see a technical pullback and ended the day with gains. The NIFTY saw a positive start to the day given the aid of favorable trade setup. Though th…

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Week Ahead: NIFTY To Stay Broadly Ranged In The Truncated Week; This Zone Emerged As A Strong Support Area For Markets

The previous five days of the week were spent in a broad range where the markets remained in wide-ranged consolidation and ended the week on a modestly negative note. The NIFTY oscillated in an over 600-point range just like the week before this one and stayed predominantly in a corrective mode exce…

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Friday Trade Setup: Technically Weak NIFTY May Have Limited Pullbacks; Broader Picture Requires These Levels To Be Watched

In the previous note, it was mentioned that the NIFTY’s short-term technical structure stands damaged, and the resistance points have been dragged much lower. The markets saw a negative opening and the losses got sharply wider as the day progressed. By afternoon, the NIFTY had slipped below 14300 at…

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Thursday Trade Setup: NIFTY Fails To Move Past Crucial Levels; This Zone To Act As Strong Resistance Going Ahead

The Indian markets found themselves gripped in a risk-off setup which it inherited from overnight weak closing in the US as well as the resultantly weak Asian markets. The Indian equities opened on a negative note, got weaker as the day progressed and ended the day with a significant cut. The NIFTY …

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