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Friday Trade Setup: NIFTY Again Halts At A Crucial Resistance Zone; Gets Vulnerable To Minor Consolidation

by Milan Vaishnav, CMT, MSTA | Feb 10, 2022 | Daily Market Outlook

Extending its up move for the third day in a row, the equity markets continued to inch higher as they ended yet another day with gains. The NIFTY opened on a higher note but soon slipped in the red in the first hour of the trade. However, a sharp up move followed...

Thursday Trade Setup: NIFTY Paused Its Rally At Crucial Point; Sustenance Above This Level May Take It Higher

by Milan Vaishnav, CMT, MSTA | Feb 9, 2022 | Daily Market Outlook

In the previous technical note, it was mentioned that the  NIFTY’s price behavior against the 17300 levels will decide the trend; any move higher than that point will help NIFTY surge higher. The NIFTY saw a strong start to the day. It opened higher and got stronger...

Outlook For Wednesday: NIFTY Makes A Strong Attempt To Form A Reversal Point; Moving Past This Level Crucial

by Milan Vaishnav, CMT, MSTA | Feb 8, 2022 | Daily Market Outlook

The Indian equity markets continued to trade precisely on the analyzed lines; they tested the supports mentioned in the previous technical note and rebounded from there to end the day with a modest gain. The NIFTY saw a positive start to the day; it soon slipped in...

Tuesday Trade Setup: NIFTY May Show Mild Pullbacks; Broader Structure Remains Weak

by Milan Vaishnav, CMT, MSTA | Feb 7, 2022 | Daily Market Outlook

In a thoroughly disappointing start to the fresh week, the Indian equity markets remained under a strong bear grip as they ended the day on a negative note. The NIFTY opened on a flat note; it went very briefly in the green in the early seconds of the session only to...

Monday Trade Setup: NIFTY May See A Tepid Start; These Pockets May Perform Relatively Better Against Broader Markes

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

While continuing to trade on the expected lines, the Indian equity markets continued to modestly correct and end the day on a negative note. The NIFTY opened on a positive note, and after trading positive in the opening minutes of the session, it soon slipped in the...
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