ICICI Securities Ltd. (ISEC.IN) In addition to being the pioneers in the e-brokerage business in India, ICICI Securities is a technology-based firm offering a wide range of financial services including investment banking, institutional broking, retail broking, private wealth management and financial product distribution. The stock has a short listing... READ MORE
It was a volatile end to the week as the NIFTY index oscillated in a 100-point range on Friday, finally settling with a modest loss after rebounding from the lower levels. Just like the week before, no major downsides were seen. The NIFTY just barely managed to pierce the 50-Week... READ MORE
HDFC Standard Life Insurance Company Ltd. (HDFCLIFE.IN) This stock has a rather short history. After listing in November 2017, it spent the first couple of months moving higher, then returned all those gains in the following months. It is said that chart patterns are fractal in nature; those patterns... READ MORE
Throughout the past week, the markets continued to follow the falling trend line pattern resistance. Though no major downsides were witnessed, the NIFTY did not make any major up moves either. The larger part of the previous week saw a significant number of shorts being added, but no short covering... READ MORE
The PSUBank Index has a shown sharp surge in its relative momentum against the broader CNX500 index. This keeps this index firmly in the leading quadrant of the Relative Rotation Graph, where it accompanies the NIFTY Infrastructure Index. The Container Corporation of India (CONCOR.IN) from the Infrastructure index and... READ MORE
The last trading session of 2018 was rather dull, with the markets ending on a flat note. The year itself, however, stood in stark contrast to its last trading day. Throughout the previous year, the NIFTY was consistently affected by events both global and domestic in nature. These included, among... READ MORE
Over the past week, the markets continued to deal with overhead resistances on expected lines. Once again, it was a volatile week, with the NIFTY oscillating in a wide range as it dealt with a couple of important resistance levels on the charts. The benchmark index has attempted to penetrate... READ MORE
Before the start of this week, we had highlighted the possibility of NIFTY facing overhead resistance as it was inching higher. We also expected the week to remain much more volatile than normal. In line with this forecast, the week that went by remained highly volatile, with the index oscillating... READ MORE
Before I begin, let me wish all our readers, friends and colleagues a very Happy Holidays and the best of times to come in 2019! The Indian Equity markets have witnessed immense volatility over the past couple of days. Amid this volatile environment, it makes sense to adopt a stock-specific... READ MORE
In our previous weekly note, we noted that we were expecting a rough ride for the Markets. Over the course of the last week, the markets dealt with the state election results and the sudden resignation of the RBI Governor. Volatility ruled the roost, with the NIFTY seeing swings in... READ MORE
It wasn't smooth sailing for the equity markets as the previous week remained quite volatile, with the markets oscillating both ways to finally end the week in the red. The benchmark index NIFTY50 had moved past its 50-Week MA earlier, but it has failed to sustain that level.... READ MORE
Kohinoor Foods and Godrej Agrovet have under-performed the broader markets for quite some time. Presently, both of them are set to end their downward trajectory and look for some upward revision in prices over the coming days. Kohinoor Foods Ltd (KOHINOOR.IN) After hitting a high of 95.75 in... READ MORE
The previous week remained much better than expected for the markets, as the benchmark Index NIFTY50 ended the week on a strong note. The week proved to be even more technically important as the NIFTY was able to move past its 50-Week MA, after having resisted that level for seven... READ MORE
As the broader and sector indexes continue to consolidate and remain in a broad range, it might be worthwhile to consider grabbing some opportunities outside the indexes. Scanning and looking for stock-specific opportunities is often very rewarding. Two stocks, both of which offer short term momentum and some possibilities of... READ MORE
In this short trading week, the equities ended the week on a negative note. In a week that saw the Markets moving in the 250-points range, the NIFTY ended the week near its lowest point. The benchmark Index lost 155.45 points (-1.46%) on weekly basis. It was for... READ MORE
The previous week has been very volatile for the NIFTY as the benchmark index remains in the middle of the 150-point turbulent zone of 10600-10750. Two stocks, The Indian Hotels Company Ltd., and Hathway Cable & Datacom Ltd look interesting on the Charts. The Indian Hotels Company Ltd. (INDHOTEL.IN)... READ MORE
The Indian Equity Markets spent the entire week on expected lines. The previous week was expected to be turbulent, and the zone of 10600-10750 was set to pose stiff resistance to the Markets. On these analyzed lines, the NIFTY continued to remain volatile all throughout the week. The benchmark Index... READ MORE
Potential Trend Reversal in SCHAND.IN S Chand And Company Limited (SCHAND.IN) is one of the leading publishing houses in India. In May 2017, the stock listed at 673. Over the following 17 months, the stock saw its value erode by ~73% as the stock remained in a secular... READ MORE
Over the last four to five weeks, the NIFTY Bank Index ($BANKNIFTY) has not only out-performed the Public Sector Bank Index among the banking space, but it has also seen sharp improvement in relative momentum against the Broader Market Index $CNX500. Many of the Nifty Bank Index components are interestingly... READ MORE
In ourprevious Weekly note, we forecasted that the markets would not make any major headway in the truncated week due to the holiday festivities. As expected, the NIFTY spent the week in a narrow range and showed no directional bias. The benchmark index ultimately went nowhere, ending the week on... READ MORE
NIFTY Infrastructure Index ($CNXINFRA) has seen considerable improvement in its performance over past couple of weeks. After relatively under-performing for the most part of 2018, this Sector Index has shown strong improvement in its Relative Momentum when bench-marked against the broader Index NIFTY500 ($CNX500). It is seen continuing with its... READ MORE
In our previous Weekly Note, we had mentioned that despite remaining structurally damaged, the Equities might witness a technical pullback. The levels of 10026 which was the Weekly 100-Week MA last week (which is 10050 presently), acted as a support for the Markets. The benchmark Index NIFTY50 witnessed a much... READ MORE
On October 30, we discussed on three stocks on NIFTY Metal Index ($CNXMETAL) that deserved our attention. This note can be found here. There was a Corporate Action yesterday, i.e. on Oct. 31, in the stock Hindustan Zinc Limited (HINDZINC.IN) that of a Dividend payout. This has resulted... READ MORE
On October 29, 2018, we issued a note on NIFTY Metal Index likely to start relatively out-performing the general markets. Within this sector, there are couple of Stocks that deserves our attention. They have resilient technical set-up and are poised for respectable upsides. While likely to out-perform the Metal Index,... READ MORE
NIFTY Metal Index ($CNXMETAL) has under-performed the broader Markets since many months. The Index marked its high at 4256 in January of 2018 and since then it has continued marking lower tops while remaining under a formation. Presently, it has shown some important technical developments which warrants our attention. As... READ MORE
The Indian Equity Markets had a troubled week. It showed no inclination to pullback and extended its losses. The benchmark Index NIFTY50 ($NIFTY) ended the week losing 273.55 points or 2.65% on weekly basis. The week that ended October 05th had inflicted some structural damage on the Charts... READ MORE
In our note on "Sector-in Focus: NIFTY Pharma", we discussed about the NIFTY Pharmaceutical Index coming out of a multi-year year downtrend and potentially reversing its trend. In the first Relative Rotation Graph (RRG) above, though the $CNXPHARMA has slowed down a bit on the relative momentum front,... READ MORE
Nifty Pharmaceutical Index - NIFTYPHARMA ($CNXPHARMA) marked its high at 14,020 on 6th of April 2015 and since then it has remained in a falling channel under a corrective downtrend which has lasted over 3 years. After remaining in a corrective downtrend for over 3 years, it has shown... READ MORE
Though the week that went by saw lot of volatility, it remained particularly fruitless for the Markets. What was gained in the week before was given back this week. There was enough room for the Markets to pullback up to 10700. This week saw the levels of 10710 being tested... READ MORE
I seize this opportunity to welcome you all to this Blog "Analyzing India". It is beyond all doubts that India remains one of the most important global markets. Out of all the Emerging Markets (EMs), the world's largest democracy certainly remains the most promising one. As... READ MORE