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Thursday Trade Setup: NIFTY Resists To 18000 Levels; Derivatives Data Suggests Continuing Weakness Unless Index Moves Above This Point

by Milan Vaishnav, CMT, MSTA | Apr 6, 2022 | Daily Market Outlook

The markets continued to trade on the expected lines; the NIFTY exhibited a bearish undertone and extended its corrective move on Wednesday to end the day on a negative note. The NIFTY saw a weaker than expected start to the day. The markets opened with a loss and...

Outlook For Wednesday: NIFTY Stares At Consolidation Again; Protect Profits So Long As Markets Are Below This Zone

by Milan Vaishnav, CMT, MSTA | Apr 5, 2022 | Daily Market Outlook

In the previous technical note, it was mentioned that the level of 18000 is set to act as an inflection point for the NIFTY. In line with this analysis, the markets opened higher above the 18000-mark, struggled for the most part of the session to say above it but...

Tuesday Trade Setup: NIFTY Drags Support Levels Higher; Up Move May Extend If Index Stays Above This Level

by Milan Vaishnav, CMT, MSTA | Apr 4, 2022 | Daily Market Outlook

The equity markets had a buoyant start to the week as they opened higher and ended the day on a strong note. The markets had a booster dose in the form of HDFC getting merged into HDFC Bank. This saw both stocks opening with a gap up and getting stronger during the...

Monday Trade Setup: NIFTY Set To See A Quiet Start To The Day; Buying Support Crucial For Extension Of Up Move

by Milan Vaishnav, CMT, MSTA | Apr 3, 2022 | Daily Market Outlook

Friday was the strong and trending day for the markets as the NIFTY opened on a quiet note but trended higher during the day to end with decent gains. The markets saw a modestly negative opening but soon crawled inside the positive territory. The Index tested the...

Week Ahead: NIFTY May Have A Trending Week; These Sectors May Perform Well As Per RRG Charts

by Milan Vaishnav, CMT, MSTA | Apr 2, 2022 | Weekly Market Outlook

In a trending and strong week, the Indian equity markets staged a strong move and ended with gains. In the week before this one, the markets had taken a breather; however, the past five-session saw the NIFTY moving higher again. After spending some time and struggling...
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