Two weeks of decline, one week of advance, and a week of consolidation. This is what sums up the market activity over the past month. The markets consolidated over the past week and stayed largely within a defined trading range, and the past five sessions remained choppy, with the NIFTY... READ MORE
The previous week was reduced to just a short 3-day trading week as Monday was declared a special holiday while on Friday, the markets remained shut on account of Republic Day. Despite this, the markets remained extremely choppy and traded in a much wider range as they continued to decline... READ MORE
After consolidating for most of the week, the markets extended their upmove and ended at yet another record lifetime high. In the past four out of five sessions, the markets were seen consolidating and staying under limited corrective retracement. However, they did find themselves taking support at the short-term 20-Day... READ MORE
The equity markets have ended the year on a very strong note. As the week comes to a close, we not only end the month, but also the year. On a monthly basis, the NIFTY has had a stellar run this December, having gained 1598 points (+7.94%). On a... READ MORE
In the previous technical note, it was categorically mentioned that, given the unabated upmove, the markets have risen near-vertically. This has caused the indices to deviate greatly from their mean, making them overextended and prone to violent profit-taking bouts. While weekly, the markets have just consolidated, but on the daily... READ MORE
Continuing with the unabated upmove, the markets went on to post their fresh lifetime highs once again; NIFTY has ended on a fresh lifetime high on a closing basis as well. The rally this week was propelled by the Fed, which kept the interest rates unchanged. While this was widely... READ MORE
The markets continued their unabated upmove; following a strongly trending week, the Nifty not only ended at a fresh lifetime high point but also closed with gains for the sixth consecutive week. The markets piled up decent returns despite some signs of consolidation in the second half of the week.... READ MORE
Following a strong consolidation in the week before this one, the markets finally staged a decisive rally over the past four sessions of the truncated week. The benchmark index NIFTY50 surged in all four sessions; it went on to move past the previous lifetime high of 20222.45 and managed... READ MORE
The equity markets consolidated throughout the week. Although they stayed within a narrow range and traded sideways for almost all days of the week, the Indices were devoid of any directional trend. Following strong weekly gains of over 1.58% in the week before, the NIFTY chose to remain in... READ MORE
In the previous technical note, during our analysis of the patterns of the NIFTY's weekly chart, it was mentioned that the Index has achieved a full throwback. This occurs when the instrument gives up the breakout gains entirely and retests the original breakout point which acts as a... READ MORE
The markets wore a largely corrective undertone throughout the past five sessions; it oscillated within a similar range as the previous week and closed on a negative note. The volatility remained on the lower side; as the volatility has been low, the bands contracted as well. As compared to the... READ MORE
In the previous technical note, it was mentioned that the volatility gauge INDIAVIX had stayed at its lowest levels, and this setup was keeping the markets vulnerable to profit-taking bouts from the current levels. Over the past five days, the markets showed some signs of profit-taking, but at the same... READ MORE
Despite the volatile moves during the four sessions of this week's shortened frame, we ended on a very flat note for the second time in a row. The trading range remained slightly wider compared to the previous week. Compared to the 274.55-point range in the week before,... READ MORE
Although the market stayed flat on a week-to-week basis, the past five trading sessions highlighted the possibility of the market continuing with its corrective retracement. In the previous technical note, it was categorically mentioned that the INDIAVIX had closed at a precariously low level, which had left us vulnerable to... READ MORE
In the previous technical note, it was mentioned that the markets are prone to some consolidation and corrective retracements due to the technical setup on the charts. It was also mentioned that the precariously low levels of volatility need to be watched, and this also can keep the markets vulnerable... READ MORE
Extending their move, Indian equities advanced higher and closed with yet another weekly gain. Four out of five days over the past week saw the markets ending with gains. In the previous technical note, it was mentioned that the undercurrents in the market remain strong, and NIFTY can retest the... READ MORE
In the previous technical note, the importance of the support level of 19250 was discussed; it was mentioned that, if this level stands protected for NIFTY, the Index can rebound and inch higher towards 19700+ levels. While trading along these lines, the markets enjoyed trending sessions throughout the week. It... READ MORE
The past five sessions of the week saw the Indian equities trading in a defined and narrower range. The first four sessions were seen leading the markets to a weekly loss, but the strong trading session on Friday saw NIFTY recouping its losses. The index oscillated in 234.90-point range,... READ MORE
In a week that has gone by, Indian equities continued to heavily consolidate. They defended key levels for most of the week; it was in the last two trading sessions that the markets came off from their high point while giving up all their weekly gains. The trading range got... READ MORE
In line with what was anticipated in the previous weekly technical note, the Indian equity markets witnessed profit-taking bouts from higher levels, along with spikes in the volatility, which is hovering around one of its lowest levels of recent months. It was also expected that the current uptrend might remain... READ MORE
In the previous weekly technical note, it was mentioned about the vulnerability that the market faces due to extremely low levels of VIX. It was expected that such low levels of VIX had left the markets vulnerable to violent profit-taking bouts from higher levels. Precisely on these lines, the Indian... READ MORE
After closing with gains for four weeks in a row, the markets finally took a breather on the expected lines. In the previous weekly technical note, it was mentioned that the formation of a Shooting Star on candles has the potential to temporarily halt the present rally. Since then, the... READ MORE
It is exactly a month from when the NIFTY staged a major breakout, crossing above the previous high point of 18887; this time, it was the fourth week in a row where the markets extended their gains. This has also led to the markets closing at their fresh record lifetime... READ MORE
It was the third week in a row that the markets extended their gains; the NIFTY had staged a breakout when it crossed above the 18880 levels. This has resulted in the NIFTY closing at yet another lifetime high. This has taken the markets into a mildly overbought zone; however,... READ MORE
In the previous weekly technical outlook, it was mentioned that the markets have attempted a strong breakout which can be termed as a major one; this week, it showed some signs of tiredness while still managing to end the week on a positive note. The markets evidently showed some signs... READ MORE
After testing the prior top of 18887 multiple times during the last five sessions, the Indian equity markets finally attempted a long-awaited breakout by moving past this point and closing near the high point of the week. While the market breadth improved a bit, the volatility continued to remain near... READ MORE
After a strong performance in the week before this one, the markets chose to take a breather. The NIFTY went within the kissing distance of the all-time high level of 18887 and saw corrective pressures at that point. The markets kept on testing these crucial levels multiple times while the... READ MORE
In what can be called a fairly buoyant week of trade, NIFTY moved towards its previous high point and closed at its lifetime high. The financials, though, represented by BankNifty (Nifty Bank) relatively underperformed, as the BankNifty Index closed on a flat note. The trading range for the markets remained... READ MORE
This was the second week in a row where the markets delayed their breakout and continued to flirt with the key levels. This time, they continued to stay largely in a defined range and resist the key levels. The NIFTY50 index remained above the crucial supports; at the same time,... READ MORE
After posting decent gains in the week before this one, NIFTY chose to consolidate this time just below the key breakout levels. In the last five sessions, the markets stayed devoid of any direction throughout, consolidating just below key resistance and breakout levels. However, given all this consolidation in the... READ MORE
After taking a brief breather last week, the Indian equities have now extended their up move. After trading buoyant and with limited downsides all through the last five sessions, the headline index ended on a decently positive note. The Nifty oscillated in a 329.70 points range and, while it... READ MORE
After rising three weeks in a row, the Indian equities took a breather, ending the week on a negative note much on the anticipated lines while resisting the key levels. There has been a slight divergence between the Indian markets and the global markets. Structurally speaking, SPX and other key... READ MORE
There is a compelling argument for a possible change in trend direction for VALIANTORG.IN. The stock has a relatively brief listing history on the NSE. However, upon analyzing the weekly chart, it appears that, after a significant decline, the stock might be in the process of reversing its trend.... READ MORE
VIX rose through the week, and so did the NIFTY. Over the past five sessions, the Indian equity markets continued to inch higher, showing a lot of resilience, and ended with a modest gain over the week. Over the past several weeks, the persistently low levels of VIX have remained... READ MORE
In the previous week's technical note, we discussed the persistently low levels of INDIAVIX, the volatility gauge, and how it can leave the markets vulnerable to profit-taking bouts. The week that went by saw the first cracks appearing in the frontline indexes, which may have put an intermediate... READ MORE
After taking a short breather last week, the markets resumed their up-move and went on to post a decent gain over the past five sessions. In the previous technical notes, concerns were raised about the persistently declining value of VIX and the consequent vulnerability that it lends to the markets.... READ MORE
After ending with gains for three weeks in a row, the markets took a breather this time by ending modestly in the red. In the previous technical note, it was mentioned that the NIFTY is not only over-extended on the shorter timeframe charts, but the VIX is also hovering around... READ MORE
The Indian equity markets extended their gains for the third week in a row; however, they have ended up getting a bit over-extended on the charts. All four trading sessions in the shortened week ended in gains; in fact, NIFTY has closed with gains for nine sessions in a row... READ MORE
In a week that was shortened by Good Friday, the Indian equities extended their gains as they moved above crucial resistance points. The NIFTY had a strong and positive previous week, but had halted its up move near important resistance levels. Over the past four sessions, the index managed to... READ MORE
The markets had a positive weekly closing; despite the truncated week with just four trading sessions, the NIFTY registered decent gains. Over the past several sessions, the markets were unable to take any major directional calls; however, this week saw the markets rebounding from the lower edge of the trading... READ MORE