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
It was a volatile, but largely quiet, week for the markets. Over the past five sessions, the markets were able to defend their opening lows and were trading flat until the last trading day of the week. The negative closing of the last trading day saw the markets ending in... READ MORE
The previous week remained a technically damaging one, as the NIFTY violated a few important supports while closing on a negative note. The volatility, too, increased; however, this was on the expected lines. The past five days also saw the global markets dealing with the collapse of SVB (SVIB); the... READ MORE
The truncated week remained quite volatile; the markets were all over the place, and the week ended on a negative note. The volatility over the last two days was fueled by the testimony of FOMC chief Jerome Powell, who showed all the indications of continuing with the hikes; he also... READ MORE
It was largely a troubled week for the Indian equities, as the markets spent four out of five days struggling to keep their head above the crucial 200-DMA, which currently stands at 17404. Had it not been for Friday, which saw a sharp surge in the Indices, the week was... READ MORE
The Metals and Commodities stocks have been relatively outperforming the broader markets for a couple of months now. This was the period when the US Dollar Index (DXY) underwent a strong corrective move after testing the highs of 114.77 in September. The retracement in the Dollar Index was a... READ MORE
The Indian equities have been quite jittery over the past couple of weeks. Broadly speaking, the headline index NIFTY50 ($NIFTY) has been oscillating between its 50-day moving average (MA) and 200-day MA during February. These MAs are placed at 17885 and 17302 respectively. Lately, the index has made strong attempts... READ MORE
It was a weak performance for the equity markets; after heading nowhere over the past two weeks despite staying volatile, the markets gave up some strength as they closed the week on a negative note. In the previous technical note, it was mentioned about the VIX, i.e., INDIAVIX was... READ MORE
It was the second week in a row that the markets did not make any major headway, staying directionless and ending with just modest gains. The previous days have seen volatility declining; the VIX remains at one of its lowest levels of the recent past. This week as well, there... READ MORE
As the week came to an end, the equity markets left behind a very eventful week. Two important events were expected to infuse volatility into the markets. The first was the Union Budget, one of the most major external domestic events that the markets react to. The other was the... READ MORE
Today is Friday; however, when the market drew to a close on Thursday, it left both major events behind itself while it also navigated the weekly options expiry. The market is having an immensely volatile week; with the last trading day of the week yet to unfold, the weekly bar... READ MORE
The ghost of the Hindenburg Report continues to haunt the Indian stock markets; the markets have witnessed a sharp selloff over the past two sessions after the activist short-seller leveled some serious allegations against the Adani Group. While Hindenburg Research specializes in "forensic financial research", they have accused... READ MORE
It was an immensely volatile and eventful week for the markets as they headed towards the last weekly close before the Union Budget. The last three sessions, more particularly the last two sessions, remained marred by the severely bearish reactions to Hindenburg Research's report on the Adani Group... READ MORE
Over the past couple of weeks, it has been categorically mentioned that, so long as the NIFTY stays below the 18300 levels, it is likely to continue to consolidate in the present range. The index has created a very well-defined trading range for itself at the moment, and has continued... READ MORE
Over the past couple of weeks, the performance of the IT stocks has remained quite muted; the NIFTY IT Index has come off from its November highs and has consolidated over some time. This has led to relative underperformance of the IT group against the broader markets. However, a few... READ MORE
In the previous weekly technical note, it was mentioned that the markets may remain in a trading range until they trade below the crucial 18300 level, which is one of the major resistance points on the chart. Over the past five days, NIFTY not only remained below this point, but... READ MORE
There is no debate when it comes to concluding that 2022 has been a choppy year for equities globally. The markets had to deal with all sorts of things; rising inflation, fear of recession, geopolitical tensions, and a slew of rate highs from the central banks all over the world.... READ MORE
The equity markets have entered into the new year on a back foot and stayed choppy as well. In the previous technical note, it was mentioned that, so long as the NIFTY stays below its crucial resistance zone of the 18300-18600 levels, it will remain in a trading zone that... READ MORE
As the session on Friday ended, we not only ended the trading week, but also the month and the year. 2022 was choppy for the equities, to say the least. The markets had to navigate the weak trends, geopolitical tensions, inflation, fear of recession, and a slew of rate hikes... READ MORE
Over the past few days, the levels of 18600 on NIFTY have assumed a lot of importance as the index had staged a breakout above this point but ended up slipping below this level following a full throwback. In the previous editions of weekly technical notes, it has been mentioned... READ MORE
In the previous technical note, it was categorically mentioned that it would be crucial to see if NIFTY could keep its head above 18600 levels to extend and confirm the breakout that it has attempted. However, despite a strong relative outperformance from the NIFTY Bank Index, the NIFTY has delayed... READ MORE
The week that went by saw the markets trading very much on the analyzed lines. It was mentioned that if the NIFTY can keep its head above 18300–18400 levels, there were chances of it testing its lifetime high point of 18604 and attempting a breakout. While moving on the... READ MORE
In the previous technical note, it was mentioned that the market has a resistance in the 18300-18400 level zone while it navigates the November month expiry of the derivative series. Quite on the expected lines, the NIFTY consolidated in the first half of the previous week; however, in the last... READ MORE
The markets navigated the past week quite on the analyzed lines; what we witnessed was a classical consolidation taking place. The NIFTY did not take any directional move throughout the week. Intermittent profit-taking bouts were seen; however, these phases saw the markets recovering from the lower levels. The NIFTY Bank... READ MORE
After showing a great out-performance until the middle of 2022, this key sector index of the Indian markets is showing signs of slowing down. The technical structure of charts shows that, until a particular level is taken out, a potential top may be in place for this sector index. If... READ MORE
In the truncated week that went by, the NIFTY 50 Index ($NIFTY) traded much on the analyzed lines. Despite staying volatile, it largely remained buoyant while it extended its move on the upside. In the previous week's technical note, there was a categorical mention of the possibility of... READ MORE
After spending nearly 10 weeks below the falling trend line pattern resistance and taking support at important levels, the NIFTY has finally attempted to break above this significant resistance pattern. In the short trading week interrupted by a holiday, the markets continued inching higher while keeping their head above the... READ MORE