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
After taking support near the key levels on the charts, the NIFTY finally resumed its up move, ending the week on a decently positive note. The last three weeks had seen the index taking support at its 20-Week MA; now, the NIFTY is above all the key moving averages. The... READ MORE
Despite the scale of volatility represented by gaps over the previous days, the NIFTY has by and large maintained its crucial support levels on the weekly charts. The previous technical note mentioned how the Index has created and maintained its crucial support; it managed to keep its head above these... READ MORE
In the previous technical note, we mentioned how the Indian equities stayed in a defined range, as they traded within the defined corners while respecting basic technical levels. In the week that has gone by, the NIFTY once again made measured moves, continuing to strongly inherit buoyancy from the US... READ MORE
In a week that was volatile for the Indian markets, the NIFTY50 index oscillated in a 448-point range before ending with a net loss. In the previous week, the NIFTY had closed above the 50-Week MA, which is presently placed at 17100; the index slipped below this point and bounced... READ MORE
The week that went by remained rather contradictory in nature; however, let's consider if this statement holds if we look at it from different perspectives and different timeframes. The markets certainly remained highly volatile, as they reacted, in turn, to the global market reactions to the 75 bps... READ MORE
While continuing to stay resilient as they outperformed the global markets, the Indian equities delayed their breakout, continuing to resist the important pattern resistance on the charts. While a strong attempt to break above the crucial resistance zones was underway, the inflation figures again played a spoilsport; US markets reacted... READ MORE
ADANIPORTS has been showing some potent technical developments on the longer-term timeframe charts. While most of the Adani Group stocks have run up too high and ahead of the curve, this stock has been consolidating in a wide and well-defined trading range and has formed a great base for itself.... READ MORE
Although the markets ended flat on a weekly note, the past five sessions remained quite volatile. The markets stepped into the week while inheriting a very weak global trade setup; the weakness was inflicted by very bearish reactions of the US markets following Jerome Powell's comments at the... READ MORE
The week that went by fared very much on the expected lines. In the previous technical note, it was mentioned that, given the unabated up-move in the markets for a couple of weeks, perhaps it was time that the markets take a breather. In the week before this one, the... READ MORE
After continuing to rise in an unabated manner for three sessions out of four in the truncated week, the Indian equity markets managed to end the week on a positive note, but also witnessed a sharp profit-taking bout in the last trading session. The markets began the week a bit... READ MORE
The Indian equity markets had a definite directional move over the past five days; it practically nullified the potentially bearish setup that indicated a likely stalling of the present up-move as it trended during the week to end with gains. The markets saw themselves inching higher and opening up some... READ MORE
In the discipline of Technical Analysis, there are patterns that can be classified as Reversal Patterns or Continuation Patterns. Where Reversal patterns tend to reverse the prior trend, Continuation patterns tend to resolve in the direction of the prior trend. One such "Reversal Pattern" is the Inverted (or... READ MORE
In our previous technical commentary and forecast, we anticipated that this week may see some ranged consolidation. It was also expected that such consolidation may have ranged moves and some profit-taking bouts from the higher levels. However, the downsides were expected to stay limited. While dancing exactly to these tunes,... READ MORE
In the previous weekly note, we mentioned that the markets have formed a strong base for themselves; the most logical move that the markets can make is to move towards their 50-Week MA, which was then placed at 17073. The beginning of the previous week was a bit jittery, as... READ MORE
The markets had a strong week that was much on the expected lines. In the previous weekly note, it was categorically mentioned that the markets might resume their up move after a brief period of consolidation. Over the past five sessions, the markets continued to inch higher as they got... READ MORE
In the previous weekly note, it was categorically mentioned that the Indian equities were due to consolidate; any move that leads to a minor correction or consolidation should not surprise anyone. The past five sessions remained much on the expected lines, as the headline index saw some corrective moves, took... READ MORE
After taking a breather in the week before this one, the Indian equity markets resumed their up move. The headline index continued with its pullback and moved past a few important levels while protecting the key supports. Over the past five sessions, the markets remained largely in the upward rising... READ MORE
It was a week of consolidation for the Indian equities; the markets struggled to move past the key resistance levels. At the same time, the NIFTY also continued to hold on to the key support points. The last five sessions kept the markets largely in a broad but defined range.... READ MORE
PAYTM.in (One97 Communications Ltd) has been one of the worst IPO performers in the Indian markets. After listing near Rs. 2100, the stock lost close to 74% as it formed a low near the 520 level. Presently, multiple technical pieces of evidence suggest that there may be an attempt... READ MORE
The Indian equity markets managed to recover half of what they had lost in the earlier week. Over the past five days, the markets traded largely positive and went on to test the previous support levels that they had violated on their way down. The trading remained just as wide;... READ MORE
In what remained one of the worst-performing weeks for the Indian equities in the recent past, the benchmark indices suffered deep losses before ending the week on a very fractured note. All five sessions over the past five days ended in the negative; at no point in time did the... READ MORE
During a week that remained largely bearish, the Indian equity markets retraced and ended on a negative note. Unlike the previous week, this time, over the past five sessions, the NIFTY did not oscillate in either direction. Instead, it just remained unilaterally bearish for the major part of the week.... READ MORE
It was a week of consolidation; a positive consolidation, in fact, where the markets oscillated in a broad range before closing the week with mild gains. The NIFTY saw itself trading in a 511-point range, as compared to the 690-point range in the week before this one. In the last... READ MORE
The five sessions over the previous week were gripped with insane volatility; four out of five days saw the NIFTY gapping either on the up or on the downside. The wild moves are not reflected on the weekly charts, but the close examination of the daily chart made this behavior... READ MORE
The entire week that went by kept the markets under a strong bear grip; all five trading sessions ended on a negative note. The markets continued to witness gaps on the downside; saw some intermittent short-covering but ultimately traded with a negative undertone. The trading range remained more or less... READ MORE
In a week that was truncated due to a trading holiday on account of Eid, the Indian equity markets traded weakly for the most part, ending in the red for three out of four sessions. Among these, the last trading day on Friday remained particularly weak. The markets also witnessed... READ MORE
Bollinger Bands are the volatility bands placed above and below the Moving Average. Being based on volatility, the bands widen and narrow, i.e. they adjust themselves dynamically as the prices move. When the prices are volatile, the Bands widen with the increase in volatility; they contract in times of... READ MORE
While continuing to trade precisely on the expected lines, the NIFTY continued to struggle to keep its head above the key levels as it closed the week on a flat note with a negative bias. All the five days of the week stood very shaky for the markets; NIFTY either... READ MORE
The bulk of the past five sessions was spent on a corrective note by the Indian equity markets. There were bounces that did not sustain as the NIFTY struggled to keep its head above the 200-DMA level. The previous week saw a wide trading range of 590 points. In the... READ MORE