Following the announcement of fiscal stimulus on Friday, the market extended its gains in the following week, but, at the same time, also consolidated at higher levels. After some more follow-up up moves in the first half of the week, the second half was spent in some volatile consolidation and... READ MORE
In a week that turned dramatic on the last day, the markets that were over 3% down through the week pulled into positive territory in one single session. On Friday, the headline index saw its highest-ever single-day gain, ending 5.32% higher. The pronounced shift in the trend came in... READ MORE
The week remained positive for the Indian equities as the benchmark index closed with week with net gains. The markets witnessed up-moves over the past couple of days, but those were fueled mostly by short-covering, which was triggered from the lower levels. The NIFTY successfully defended the critical support levels... READ MORE
In the week that went by, the Indian equity markets did not make any directional move on any side. The index oscillated back and forth in a defined range and ultimately ended the week on a flat note. The India Volatility Index (INDIAVIX) also remained flat, losing just 0.01... READ MORE
Throughout the past week, the Indian equity market struggled to keep its head above crucial levels and ended the week with modest gains. Keeping on anticipated lines, the week remained very volatile as the markets oscillated in a 385-point range. The week that went by digested the reforms initiated by... READ MORE
The past week generally went along the anticipated lines. The broader structure of the markets continued to be weak; it faced severe volatility during the past trading days and faced heavy selling pressure at higher levels. After a thoroughly volatile week, the headline index ended with a net loss of... READ MORE
With a 3-day working week, the markets moved along expected lines and stayed within a limited range. As anticipated, the NIFTY did not make any directional move, remaining within the 50-Week MA and 100-Week MA (as mentioned in our previous weekly note). After flirting with the 50-Week MA, which stands... READ MORE
After bouncing off its 100-Week MA in the previous week, the markets attempted to take a breather and stabilize during the past week. The NIFTY was able to bounce back once again from the 100-Week MA; this pullback was aided by the oversold nature of the markets on the short-term... READ MORE
The end of the previous week saw the NIFTY taking support at its 50-Week MA but making a downward breach on the downside from the secondary channel, which was formed after the NIFTY breached the primary uptrend in October 2018. The week that went by saw the index extending its... READ MORE
In the week before this past week, the NIFTY rested itself and took support on the lower rising trend line of the nine-month-long secondary channel that had been formed. This secondary channel was formed after the index breached its three-year-long upward rising channel in October 2018. In the previous weekly... READ MORE
In the previous weekly note, we had raised concerns as the NIFTY had slipped below its 20-Week MA and the volatility index, VIX, traded at a multi-month low. It was expected that the volatility was likely to increase while there are chances of markets drifting lower. The week that went... READ MORE
After meeting resistance around 11800-11840 for seven weeks, the markets loosened up a bit over the past week while ending with losses. NIFTY spent the previous couple of weeks in a defined range as it remained indecisive and did not make any convincing directional call. This week, the NIFTY witnessed... READ MORE
The markets were range-bound over the course of the week, but remained volatile on anticipated lines while digesting the Union Budget on Friday. As expected, the event failed to infuse any cheer in the markets, with the NIFTY remaining within a defined range and oscillating in a limited band. The... READ MORE
After claiming an absolute majority again in the 2019 General Election, the Narendra Modi Government is slated to come up with their first budget of the second term on Friday, the 4th of July, 2019. Many expectations have been building up around this event, which has always been one of... READ MORE
DREDGING CORP. OF INDIA LTD -- DREDGECORP.IN Following a prolonged down move and some subsequent bottom-finding, DREDGECORP is set to confirm its reversal. The stock is currently breaking out of a falling trend line resistance, which begins from 479 and joins the subsequent lower tops. In the process, the... READ MORE
In the previous week, the markets were expected to remain mostly volatile and to remain under range-bound oscillation without making any significant headway. In line with this analysis, the NIFTY headed nowhere, had a lackluster week and ended with mild gains on a weekly note. While the NIFTY continued to... READ MORE
In our previous weekly note, we had mentioned the possibility of the markets not giving any runaway moves on the higher side. The week that went by remained on expected lines as the headline index resisted to one of its significant double top resistance areas, which lies in the 11840-11880... READ MORE
In yet another wide-ranging week, the NIFTY oscillated in a 400-point range, ending the week with a modest cut. In our previous weekly note, we had raised concerns about the NIFTY failing to confirm the attempted breakout. In line with the our analysis, the index did not show any intention... READ MORE
Throughout the previous week, the Indian equity markets remained less volatile than expected, but, at the same time, marked some important technical events. After trading in a 350-point range, the index hit its key resistance zones, retraced and ended the week with a modest loss. The RBI Credit Policy largely... READ MORE
In yet another fairly eventful week, the Indian equity markets continued to digest the general elections fully, ending with a violent reaction to the portfolio allocation of the new set of cabinet ministers. After witnessing a 420-point trading range while marking incremental highs on a closing basis, the headline index... READ MORE
The Indian equity markets finished one their most eventful weeks as they faced the general election results. Though the move remained much on expected lines, the timing got little awry as the market finished the bulk of its reaction by rising after the exit polls rather than waiting for the... READ MORE
The Indian equity markets witnessed one of their most volatile weeks in the recent past, oscillating back and forth in a relatively wider range before ending the week with a modest gain. After facing downward pressure in the initial days of the week, the NIFTY saw itself turning positive on... READ MORE
After having failed to give any sustainable breakout above the 11760 levels, as well as having resisted to the lower trend line of the upward rising channel (which was breached on the downside in October 2018), the NIFTY finally gave up and ended the week with a cut. The Indian... READ MORE
In a truncated 3-day working week, the Indian equity markets headed nowhere and ended the week on a flat note once again. In our previous weekly note, we had mentioned the possibility of the NIFTY failing to break resistance at 11760. In the week that went by, though the markets... READ MORE
We head in to a month that is set to be among the most volatile and eventful as the market faces one of the most important domestic events – General Election Results. The equity markets are currently hovering around their lifetime highs. On the one hand, they grapple with a not-so-favorable... READ MORE
The past week remained as flat as it can get. In our previous weekly note, we had expected the week to remain volatile and the level of 11760 continuing to pose stiff resistance to any up-moves. Hewing very close to expected lines, the Indian equity markets remained volatile, headed nowhere,... READ MORE
The past week was quite eventful for the Indian equity markets. The short 3-day working week saw the benchmark index NIFTY50 marking a fresh high and attempting a breakout. Along with that, it also saw the NIFTY not confirming this breakout, slipping below the all-important 11760 mark once again. This... READ MORE
Graphite India Limited - GRAPHITE.IN GRAPHITE looks to be confirming its bottom in the 395-415 zone. After marking a low near 395, the stock has formed a base in the 395-415 zone; having experienced a sideways move over past couple of weeks, a breakout appears likely. The RSI, which... READ MORE
The Volatility Index, more commonly known as the VIX, is a measurement of market's expected volatility in the future. Analysts and investors alike look at this tool to measure sentiment while making investment decisions. The VIX reflects the psychology of market participants' fear and greed and is... READ MORE
This was the second week in a row where the Indian equity markets did not make any significant directional move. The week that went by remained particularly volatile, as the market oscillated back and forth on each side in a defined range while continuing to resist to the lower trend... READ MORE
SBI Life Insurance Company Ltd (SBILIFE.IN) This stock has a relatively short listing history. It originally listed in October 2017 and marked its high near 772 in middle of 2018, with a subsequent low near 483 in the corrective move that followed in late 2018. Presently, the stock is... READ MORE
A couple of days back, the NIFTY marked a classical Double Top at the 11760 level. The benchmark index has halted its up move and can be seen consolidating just below that level. Over the coming days, the markets are expected to remain highly stock-specific. Right now, ULTRACEMCO.IN deserves... READ MORE
The Indian equity markets had a volatile week, ultimately ending on a flat note. In our previous weekly outlook, we had mentioned the possibility of the market stalling its up-move and showing some corrective intent. After volatile trading throughout the week, it was the last hour of trade on Friday... READ MORE
As we know, a futures instrument derives its value from its respective underlying asset. For example, the NIFTY futures instrument derives its value from the NIFTY's spot price. Though the futures price and the price of its underlying move in the same direction, they do not maintain the... READ MORE
With the session that ended Friday, March 29, 2019, the markets ended a remarkable month which remained one of the best out of the past several quarters. NIFTY ended the month on a strong note, posting a monthly gain of 831.40 points (+7.70). After taking a breather in... READ MORE
The NIFTY50 ($NIFTY) saw an unexpected surge in trading on Tuesday, ultimately ending the session with decent gains. The expiry of the current derivative series is to come up on Thursday, March 28; the Options data on NIFTY throws up some useful insights. Let's examine the 10 ATM... READ MORE
Following an unabated up move over the last several days, the markets finally took a breather on the last trading day of the week. After the session on Friday, the NIFTY has displayed visible signs of consolidation creeping in to the markets, which had become steeply overbought on the daily... READ MORE
The IT Pack remains firmly placed in the leading quadrant of the Relative Rotation Graph (RRG) as bench-marked against the broader CNX500 index. However, the IT index has relatively under-performed the front-line NIFTY over the past couple of days. With the NIFTY likely to take a breather and consolidate over... READ MORE
Over the past week, the market performed in striking contrast to what had been expected. For nearly 15 weeks, the markets were consolidating near their 50-Week MA and, last week, were showing signs of further impending consolidation. In spite of this, the markets ended up putting up a very strong... READ MORE
MindTree Limited's stock price ended with gains of Rs. 23.20 (+2.84%) in Wednesday's session on March 14, 2019. This price move appears very important from the technical perspective, as it has thrown up several signals that point towards MINDTREE.IN inching higher over the... READ MORE