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
Over the past four trading sessions, the Indian equities continued to relatively underperform their global peers and ended the week on a modestly negative note. The previous week was a truncated one, as Wednesday was a trading holiday. The NIFTY had a similarly wide trading range as it oscillated in... READ MORE
In a trading range that was wider than the previous week, the Indian equities did not make any directional headway and ended on a flat note over the past five days. On the expected lines, the NIFTY oscillated in a wider range, but stayed within the falling channel that the... READ MORE
The previous week was a short and truncated one with just three working days. The NIFTY stayed volatile on the expected lines and danced to yield and a stronger dollar on the expected lines, but continued to post some gains. On the weekly charts, the Index stayed much in a... READ MORE
The previous five days of the week were spent in a broad range, where the markets remained in wide-ranged consolidation and ended the week on a modestly negative note. The NIFTY oscillated in an over 600-point range just like the week before, staying predominantly in a corrective mode -- except... READ MORE
After being heavily spooked by rising bond yields and strengthening the US dollar in consequence, the Indian equity markets remained weak throughout the week, barring the last day where it saw some technical rebound from the short-term oversold levels. The NIFTY moved in a wide 700-point range and, if looked... READ MORE
In a truncated week, the Indian equities failed to take any directional cues and traded all over the places over for four trading sessions, before ultimately ending the week with a modest gain. The start of the week stayed volatile, with the NIFTY trading in a wide range. However, the... READ MORE
Both the trend and the sentiment in the equity markets were affected due to a spike in the US Treasury Bond yields, which had its obvious effect on the emerging markets in general. The spikes and the strengthening US Dollar index caused some gap down opening and corrective moves in... READ MORE
In the previous weekly note, we had expected the markets to show limited upsides and had also noted some possibility of the NIFTY slipping into some consolidation. The previous week remained quite volatile and the NIFTY oscillated in a violent and volatile way for the first four days of the... READ MORE
Following a strong earlier week, the previous week saw some extension of the up move as the NIFTY ended on a positive note. Most of the past five sessions saw the index trading in a capped range with limited upsides. Unlike the earlier week, which had a very wide-ranging move,... READ MORE
In what remained one of the worst weekly and monthly performances in recent times, the Indian equity markets witnessed heavy profit-taking throughout the week. The markets had a phenomenal run over the previous months; however, over the past week, it had shown some signs of taking a breather. The past... READ MORE
In the previous week's note, it was mentioned that the markets have shown first signs of fatigue as they marked the high point of 14653. This was the point where profit-taking bouts emerged. Over the week that went by, the markets did make some incremental highs; however, they... READ MORE
Although the Indian equity markets extended their weekly gains, they showed the first signs of impending broad consolidation, spending much of the last three days correcting from the higher levels. The start to the week was buoyant; however, after marking the week's high at 14653, the NIFTY continued... READ MORE
In a week that was a bit more volatile than the previous one, the Indian equities continued with their up move, ending once again on a lifetime high point. The trading range also widened over the past five sessions as the Index oscillated in the range of 414 points. On... READ MORE
Chennai Petroleum Corp. Ltd -- CHENNPETRO.in The long-term weekly chart of this stock offers some good classical ingredients in it: it hints at a potential bottom in place and a probable trend reversal going ahead from here. The stock peaked near 480 in late 2017 and, ever since, has... READ MORE
In a relatively very stable week, the Indian equity markets continued with their up move and have ended yet another week with gains. The volatility that was witnessed in the week before this one was absent. Instead of a wide 700-point wild move that was witnessed, the past five days... READ MORE
In the recent weekly notes, we had mentioned the markets getting overstretched and overextended over the immediate short term. It was a matter of concern, as any form of a consolidation or corrective move stood imminent; the absence of either was making the present uptrend highly risky and unhealthy. On... READ MORE
Take Solutions (TAKE.IN) The study of both Daily and Weekly timeframes presents a few interesting insights. The patterns appearing on both the timeframes are fractal. The area pattern that appears on the Daily timeframe is also present on the weekly charts. The RSI on the weekly chart has broken... READ MORE
Over the past five days, the Indian equities continued with their measured up move and went on to pile up some more incremental gains. After some brief consolidation in the beginning of the week, the NIFTY went on to mark fresh lifetime closing highs each day as the liquidity continued... READ MORE
In what was a sixth consecutive week of gains, the Indian equities continued with their up move and extended their gains. It was a measured move ahead for the markets, which went on to close with fresh lifetime highs once again. The trading range over the past five days was... READ MORE
In the week that went by, we saw the markets adding more strength and piling up some more incremental gains. The NIFTY has not only stayed above the crucial 2-year long pattern resistance trend line, but also added some directional bias to it by moving higher. The markets were much... READ MORE
The equity markets are presently dealing with one of their most important pattern resistances over the previous days. In the previous note, we had mentioned the importance of this pattern resistance line; it was also mentioned that, unless the zone of 12960-13000 is taken out comprehensively, we may not see... READ MORE