The Indian equity markets extended their up move for this week as well and ended with gains. The NIFTY gained for the first three trading sessions, then consolidated in the last two sessions of the week. The market continued to display its internal strength and looks forward to defending its... READ MORE
Except for some intermittent consolidation, the previous five trading days largely saw the markets advancing and extending their technical pullbacks on the anticipated lines. As mentioned in the previous technical note, the high Put OI at 17000 stayed constant, which lent support to the markets all through the previous week.... READ MORE
Over the past five days, the Indian equity markets struggled to maintain their closing levels from the previous week. The beginning of the week was on a steeply negative note; the following four trading days after that were spent recouping from those lower levels. This ensured that, despite decent pullbacks,... READ MORE
In predominantly weak trading days over the entire past week, the Indian equity markets not only violated a few important levels, but also grossly underperformed the global markets. All of the last five trading days remained weak as the NIFTY failed to move past the 17500 level. After a failed... READ MORE
After ending with gains in the week prior, this week the NIFTY continued with its pullback and has closed with gains again. The trading range continued to remain wider on the expected lines as the NIFTY oscillated 651.55 points over the previous week. After a very bad and weak... READ MORE
Just like the previous one, this week remained a relatively wide-ranging, with NIFTY oscillating in a 707-point range before ending with modest gains. Over the past five days, the markets struggled hard to find and create a base for themselves, staging a technical pullback and also moving above important levels... READ MORE
The Indian equity markets were just consolidating and trying to find a base for themselves in the first four of the last five trading sessions. However, it was the last session of the week, on Friday, that did much of the undoing for the markets. Even though there were no... READ MORE
The markets had a truncated week, with Friday being a trading holiday on account of Gurunanak Jayanti. In the four-day trading week, the NIFTY remained in corrective mode and ended on a negative note all four trading days of the week. In the process, the Index has violated important supports... READ MORE
Over the past five days, the somewhat volatile NIFTY oscillated in a defined range before ending the week with modest gains. Throughout the week, the majority of the time was spent on a corrective note. It was only the last day of the trading week that saw massive short-covering and... READ MORE
In a three-day trading week truncated by festivities, the Indian equity markets attempted to stabilize on the expected lines. The market rebounded from near the 50-DMA levels and also took support on an 18-month long upward rising trend line on the weekly charts. The NIFTY stayed in a narrower 315-point... READ MORE
In the week before this one, the markets had shown the first signs of some fatigue, as it had ended on a negative note leading to a dark cloud formation on the candles. Over the past five days, the Indian equity market extended its correction; it went on to test... READ MORE
After testing a fresh lifetime high at 18604, the Indian equity markets slipped into some corrective consolidation within a broad range. The bulk of the previous week was spent in the corrective mode as the NIFTY rapidly lost ground after testing a fresh lifetime high. The past five days saw... READ MORE
In the interrupted week that was truncated on account of Dussehra on Friday, the Indian equity markets traded very much on the expected and analyzed lines. In the previous note, it was mentioned that, given the structure of the technical patterns and the analysis of F&O data, the... READ MORE
In the previous weekly note, it was mentioned that the markets have formed a broad trading and consolidation range between 17950 on the higher side and 17400 on the lower side. It was also noted that, unless the NIFTY breaches the upper edge or violates the lower edge, the NIFTY... READ MORE
The week that went by remained on much of the analyzed lines. In the previous weekly note, it was mentioned that the NIFTY is unlikely to see any runaway rise as per the technical setup, as well as the Options data that point in time. It was also mentioned that... READ MORE
Much on the expected lines, the Indian equity markets had a strong week. Despite being overbought and a bit overextended on the charts, the stocks put up a resilient show while the NIFTY tested and closed at a fresh lifetime high point. The Indian market was one of the most... READ MORE
As discussed in an earlier technical note, the Indian equity markets were grossly overbought; as a result, they were largely expected to consolidate. However, in the first four days of the week, the NIFTY put up a very strong show as it kept marking incremental lifetime highs on a closing... READ MORE
In the previous weekly note, it was mentioned that even though the NIFTY and other key indexes are grossly overbought, the options data is continuing to show strength. This also meant that the supports were dragged higher by the NIFTY. While trading on the expected lines, the Indian equity markets... READ MORE
In a very strong surge to the up move, the Indian equity markets scaled greater heights, ending on a new lifetime high. In the previous edition of the weekly note, it was mentioned that, looking at the week's options data and the amount of PUT writing that was... READ MORE
In the previous weekly note, it was mentioned that, although the markets are due for some range-bound consolidation, defending the zone of 16300-16450 will be crucial for the NIFTY. Over the past five days, the NIFTY kept marking intermittent highs with some consolidation in between. During some interim profit-taking pressure,... READ MORE
In the previous weekly note, we had mentioned that the only trouble with the otherwise buoyant NIFTY is that it is overextended on the daily chart. The week that went by saw the markets consolidating at higher levels. On the global landscape, the "taper tantrums" from the Fed... READ MORE
In the early weekly note, it was mentioned that the following eight weeks of consolidation, the NIFTY has finally staged a breakout while dragging its support levels considerably higher. Over the past five days, the NIFTY extended its gains while it closed at yet another lifetime high levels. The trading... READ MORE
After eight weeks of consolidation, the Indian markets gave yet another break out as it surged above the crucial 15900-15950 zone. The past four out of five saw the markets inching relentlessly higher as it not only demonstrated renewed strength but also made the present breakout sustainable. The markets saw... READ MORE
The frontline NIFTY50 Index staged a strong breakout following eight weeks of strong consolidation. It has marked a fresh lifetime high and presently trades in uncharted territory. For a bull run to sustain in a meaningful way, there has to be broad-based participation; especially from key sectors like banks and... READ MORE
It was one more consolidating week for the Indian equity markets, as the NIFTY continued to consolidate over the past five days. Despite a couple of attempts, it failed to clear the important resistance zone of 15900-15950 and suffered violent profit-taking twice from those levels. On the short-term daily charts,... READ MORE
The Indian equities showed a lot of resilience throughout the past five trading days and managed to close on a fresh weekly near its fresh all-time high point. The markets stayed resilient to the downsides, but, at the same time, showed fierce consolidation at higher levels and did not make... READ MORE
The NIFTY Realty Index is showing strong technical setup on both its Daily and Weekly charts. Some sector rotation is clearly evident and the sector is showing strong Relative Strength against the broader markets. The Daily Chart of the NIFTY Realty Index show a strong breakout above 360. Even if... READ MORE
Over the past five days, the Indian equity markets consolidated and traded in the limited range, ending the week with a modest loss. The NIFTY oscillated in the same range as the week before this one; though it ended on a negative note, it has also formed a parallel bar... READ MORE
Following a buoyant performance in the week before this one, the Indian equities had a quiet show over the past five days. The trading range throughout the previous week was narrower and rested itself on key support. The NIFTY approached its lifetime high point and retraced from that level to... READ MORE
ICICI Lombard General Insurance Company Ltd -- ICICIGI.IN The most recent price action in ICICIGI shows that it is likely to move past its multi-point resistance zone, existing between 1540-1560 levels. The stock has seen a broad range consolidation and the formation of higher bottoms after it took support... READ MORE
The stock markets once again had a buoyant week as the Indian Headline Index NIFTY50 closed at a fresh lifetime high. The Indian market had four consecutive weeks of gains, piling up over 1121 points and taking a breather after that. However, after pausing its up move for just one... READ MORE
The Indian equity markets took a breather in the week gone by as they halted four consecutive weeks of gains. Over the past month, the NIFTY had piled up 1121.55 points of gains. However, over the past five days, the NIFTY retraced after marking its fresh lifetime high at... READ MORE
While trading on a narrower range, the NIFTY continued its up move and ended on a positive note for the fourth consecutive week. The NIFTY went on to mark its incremental fresh lifetime high as it continued trending higher on reduced and decelerating momentum. The trading range remained narrower at... READ MORE
For the third week in a row, the Indian equity markets continued with their up move. The week that went by saw the NIFTY50 index scaling a fresh high and also ending at its new lifetime high point. The Indian headline index is now placed in uncharted territory. The NIFTY... READ MORE
The past week remained a trending one, as the NIFTY attempted to break out of the channel and, in the process, tested and marked a new lifetime high on the last trading day of the week. The trading range during the week remained narrower; the index moved in a 324-point... READ MORE
Despite intermittent hiccups in between, the past week stayed much better than expected for the Indian markets. The NIFTY not only averted the bearish consequence of the violation of the rising trend line, but it also went on to end the week while posting decent gains. As compared to the... READ MORE
The truncated trading week stayed disappointing in more ways than one. Just when it appeared that the NIFTY had rectified its violation of the immediate and important trend line support, it has since violated it again while taking support on the short-term 20-week MA. The trading range remained a bit... READ MORE
In a week that remained technically important, the markets pulled up from the lows that were marked in two previous weeks. The NIFTY saw a narrower trading range than the week prior. The index oscillated in a 446-point range over the past five sessions and remained largely trending on the... READ MORE
In a week where the trading range remained wider than usual, the Indian equities took a serious cut on the Friday's session; however, they managed to close the week on a positive note. In the previous weekly note, it was mentioned that the NIFTY was trading inside the... READ MORE
In a week where the trading range stayed narrower than the earlier week, the Indian equities saw a corrective decline. The current week was also a truncated one with just four trading sessions. The headline index saw itself oscillating in a 375-point range. Though the range stayed less wide, the... READ MORE