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
The Indian markets saw a strong start to the week as the headline index ended with a robust gain of 132.65 points (+1.20%). With this move, the index has once again begun to attempt a breakout. This being said, over the past several weeks, the market breadth has... READ MORE
The past week fared better than the one prior as the market added more to its gains. A major portion of the weekly gains was posted in the first half, while the last two sessions were spent amid consolidation. In a 4-day week, the headline index NIFTY50 ended with weekly... READ MORE
Emami Limited is one of the leading and fastest growing personal and healthcare businesses in India, with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Fast Relief and Kesh King. The stock price of EMAMILTD.IN has been under-performing... READ MORE
For yet another week, the markets took no directional call, going on to end the week with modest gains. The NIFTY remained within a broadly-defined range throughout the week, making some gains towards the end that halted near the 200-DMA. On the weekly charts, the index continued with its sideways... READ MORE
Rural Electrification Corporation Limited (RECLTD.IN) * This stock has now witnessed a breakout from a bullish Ascending Triangle formation. * The breakout occurred above 127.50, but the stock might still witness some pullback, with the zone of 127-130 potentially acting as support. Once the consolidation is out of way, there... READ MORE
In our previous weekly note, we mentioned that the NIFTY was slipping below its 50-week moving average and highlighted the importance of this important weekly level. While the markets experienced continued weakness in the early part of the past week, the middle of the week saw the NIFTY rebounding following... READ MORE
With the session that ended on Tuesday, February 19, 2019, the Indian headline index NIFTY50 closed in the red for the eighth consecutive day. Amid such a weak environment, there are certain stocks which are showing great relative strength and are strongly outperforming the broader markets. Once such stock that... READ MORE
The past week remained quite dismal for the market, which ended in the negative on all five days. After a failed breakout on the daily charts, the NIFTY returned inside the broad trading range and subsequently drifted even lower. The index has been defending the 50-Week Moving Average for over... READ MORE
While the markets have been suffering from fractured breadth and the NIFTY moved below 10950 (its breakout level) following a strong throwback, the CNXIT index has crawled back into the leading quadrant of the Relative Rotation Graph (RRG). This means that the IT pack is likely to relatively out-perform the... READ MORE
The Indian market suffered a severe throwback, having broken out above the 10950 mark on Wednesday but returning all those gains by end of the week. The market breadth has not been healthy at all and remains a matter of concern. Amid such turbulence, this stock deserves some attention, as... READ MORE
With the last day of the trading week remaining a drag, the NIFTY returned all its weekly gains and ended on a negative note. If we look at the daily charts, we can see the NIFTY achieved a breakout by moving past the 10950 level, but had returned all those... READ MORE
After experiencing a brutal decline that began in September 2018, the NIFTY found support just below the 10000 mark and witnessed a technical pullback. This technical pullback halted near the 10950 level in early December 2018. Over the following two months, the index hit resistance multiple times and has remained... READ MORE
We mentioned in our previous weekly note that, due to expiry of the January series and interim budget, the markets would remain more volatile than usual over the past week. While the expiry day did not bring in any volatility, the last session of the week remained immensely volatile on... READ MORE
Lupin Limited (LUPIN.IN) * LUPIN.IN marked a double top at the 2070-2092 level in October 2016 and has since remained in a corrective downtrend. After trading in a falling channel during this corrective phase and wiping out over 50% of its value, the stock has attempted to find a... READ MORE
Bharat Petroleum Ltd. (BPCL.IN) * Having formed a bottom at 238.55 following a steep fall from 383.80, the stock has since formed gradual higher bottoms. Presently it remains in an Ascending Triangle pattern, which is a bullish formation. * The RS Line, when compared against broader CNX500 is rising;... READ MORE
In spite of all expectations, NIFTY remained volatile and did not make any directional call over the previous week, oscillating in a defined 230-point range throughout. However, on the weekly charts, the NIFTY has been able to keep its head above the 50-Week MA, which is 10757. Additionally, the market... READ MORE
As the Indian equity markets remain under under an area formation, a clear breakout will continue to elude the NIFTY unless it can move past the 10950 level. With the markets still trapped in a range, the NIFTY Energy Index ($CNXNIFTY) provides some interesting observations. The NIFTY Energy Index formed... READ MORE
The past week saw the market remaining range-bound, oscillating inside a 250-point range and ultimately ending with a modest gain. Though the market did not take any directional call on either side, it saw significant amount of volatility within the defined range. While holding on to the 50-Week MA level,... READ MORE