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
In the previous weekly note, we mentioned that the NIFTY was testing its crucial pattern resistance. Over the past five trading sessions, the markets, in general, displayed some corrective tendencies, but continued to extend gains. As compared to the previous two weeks, which had a wide trading range of 723... READ MORE
In a yet another gainful week for the markets, the Indian equities extended their move on the upside and posted decent weekly gains. The past five days saw the NIFTY moving higher and closing at its lifetime high levels. As compared to the week before this one, the trading range... READ MORE
In a week that saw wide-ranging moves and a rally that was fueled by US elections, the Indian equities went on to end on a strong note. The week's trading range not only wide that of 723 points, but the previous days also saw volatility declining to a... READ MORE
After struggling near the 12000-12025 zones for two weeks, the Indian equities finally gave out following global weakness, ending the week on a negative note. In comparison to the week prior, the NIFTY had a wider trading range to deal with. In the previous weekly note, it was mentioned that,... READ MORE
The first quarter of this CY 2020 was quite a disaster for the equity markets. The month of February saw the onset of the COVID-19 pandemic and the spread of coronavirus saw equity markets the world over witnessing a vertical crash everywhere, in the range of 35% to 45% across... READ MORE
While trading on expected lines, the Indian equity markets did not make any major directional moves and consolidated in a defined range. The NIFTY did not move past the previous week's high point and consolidated while resisting to that level. The trading range also remained narrower than what... READ MORE
The market action in this week fared precisely on the anticipated lines. In the previous weekly outlook, we had mentioned the markets were firmly placed but, at the same time, staying overstretched on the short-term charts. It was also mentioned that any up moves will face stiff resistance at higher... READ MORE
The week that went by remained firmly on the expected lines. In the previous weekly note, we had mentioned that the markets may push themselves higher amid increased volatility. The NIFTY indeed closed higher following a strong move, while the volatility also spiked. The financial stocks were expected to perform... READ MORE
The Indian Hotels Company Ltd (INDHOTEL.IN) This hospitality stock has formed its bottom in June and is in the process of confirming it by moving past the crucial 200-DMA, to which it has presently resisted. If this level is taken out, we may see this stock extending its gains... READ MORE
Nifty Financial Services Index ($CNXFIN) The NIFTY Financial Services sector seem to have ended its short-term underperformance. The Index has broken out from a falling channel and has formed a gap, which indicates greater push to the upside. The RSI has marked a fresh 14-period high, which is bullish. It... READ MORE
The week before this one was quite eventful, as the NIFTY tested all its crucial supports on the daily and weekly charts. The past week saw the NIFTY respecting few crucial support levels on the higher timeframe charts and showing a technical pullback. The four-day trading week showed the headline... READ MORE
Unlike the previous week that had stayed uneventful for the markets, the Indian equities witnessed an immensely volatile week that ended this Friday, September 25, 2020. The markets saw a good start to the week, but the second half of the week stayed terribly volatile, with the markets ending with... READ MORE
The week remained largely uneventful for the markets, as they traded in a narrow range and consolidated over the past five days. The trading range also remained very narrow compared to the earlier weeks. The NIFTY witnessed a movement in the band of just 235-odd point while avoiding taking any... READ MORE
The Indian equities ended the week with modest gains, as they struggled to keep afloat when the global markets showed sharp corrective moves that led to the revision of means. In a trading range that stayed narrower compared to the week prior, the headline index ended with gains, while the... READ MORE
In a wide-ranging trading week, the Indian equity markets halted their four-month winning streak. The NIFTY met its important pattern resistance, from which it reacted. Over the past five trading sessions, the NIFTY saw a trading range of close to 500 points. Amid volatile moves, it was a time for... READ MORE
The Indian equity markets continued their unabated liquidity-driven up move and ended with yet another week with gains. The past five days remained less volatile than expected as the NIFTY remained in a defined range of 275-odd points. The directional move, however, remained unidirectional as the Index continued to move... READ MORE
After taking a breather in the week prior, this week the markets resumed their move higher and posted some incremental gains once again. Over past five days, the NIFTY has experienced range-bound oscillations, with the range still being close to its normal trading width. At the same time, the Index... READ MORE
This was a week when the markets perfectly respected the technical levels; they took a breather and ended with a minor loss. Over the past five days, the NIFTY piled up incremental gains, but the last trading day reversed all those little gains. The NIFTY oscillated in a narrow 262-point... READ MORE
SBIN.in (State Bank Of India) SBI.in has seen a prolonged period of low volatility over the past several weeks, which has led to contraction of the Bollinger bands. Periods of low volatility are often followed by the periods of high volatility. The probability of the sharp move in... READ MORE