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
In the previous weekly technical note, it was mentioned that, given the shortened trading week with two trading holidays, the equity markets may exhibit a tentative and cautious bias and may not show any major move on the upside. While keeping in line with this analysis, the NIFTY continued to... READ MORE
The beginning of the previous week saw the NIFTY testing important pattern resistance levels. After a strong performance on Monday, the next three days of the week were spent by the NIFTY showing a weak and corrective bais as it came off rapidly from the high levels witnessed at the... READ MORE
In the previous weekly note, it was mentioned that it was just the short covering that had fueled the rally over the past two weeks. The NIFTY had piled up over 1100 points in the two weeks before this one; there were clear signs of some impending consolidation at that... READ MORE
In the week before this one, looking at the quantum of the fresh short positions in the system, a strong possibility of the short-covering led rally was expected. The previous week saw a strong rally, obviously fueled by short-covering, which led to weekly gains of 385.10 points after a... READ MORE
Geopolitics. This was the only factor that continued to hold the global equity markets at ransom; it continued to fracture the sentiments of the markets and India was no exception. With the war between Russia and Ukraine showing no signs of slowing down, the equity markets, both global and domestic,... READ MORE
Over the past several days, the global equity markets were highly affected by the escalated geopolitical tensions between Russia and Ukraine, with Russia ultimately ending up invading Ukraine. This spooked the global equity markets, and India was no exception. On Thursday, NIFTY witnessed one of its worst performances of the... READ MORE
Despite the past five days being immensely volatile, with the markets oscillating back and forth in a wide range, they still ended the week on a relatively flat note. The markets saw the opening of the week with a serious gap-down following geopolitical tensions between Russia and Ukraine; the very... READ MORE
Consolidation continued in the Indian equities; despite a wide trading range and some volatile moves, the markets went on to end with just a modest cut. The NIFTY has resisted the 20-week MA, which presently stands at 17604 in the week before this one, and it also resisted this WMA... READ MORE
After two weeks of corrective decline, the Indian equities tried to find a base for themselves, trading in a defined range and ending the week with some gains. The past five trading sessions remained as expected; the NIFTY has slipped below the 20-week MA and resisted to this level during... READ MORE
In a week where the trading range remained much wider on the expected lines, the Indian equity markets remained predominantly under pressure. For four out of five days, the NIFTY remained under sustained corrective pressure, as it ended each of the past four days in a "measured" corrective... READ MORE
In strong but modestly-ranged sessions over the past five days, the Indian equity markets extended their up move for the fourth week in a row while posting gains. All five sessions were strong; the markets traded with a positive bias and used each of the consolidation times to just strengthen... READ MORE