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
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