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Friday Trade Setup: NIFTY Forms A Potentially Bearish Pattern; This Level Must Be Protected On Closing Basis To Avoid Weakness

by Milan Vaishnav, CMT, MSTA | Nov 11, 2021 | Daily Market Outlook

It was a weak day for the Indian equities; the markets opened lower, got weaker as the day progressed, and ended the day on a negative note. The markets opened with a minor gap down; the NIFTY marked its intraday high point in the opening minutes of the day. With the...

Thursday Trade Setup: Weekly Options Data Show NIFTY Staying In A Range; Broader Markets May Continue To Outperform

by Milan Vaishnav, CMT, MSTA | Nov 10, 2021 | Daily Market Outlook

It was the second day in a row where the markets remained listless and lackluster as it ended a day with minor losses. However, from looking at the global perspective, the Indian equities put up a resilient show as it outperformed its Asian peers. Following a weak...

Outlook For Wednesday: NIFTY Likely To Stay Ranged; Broader Markets May Continue To Relatively Outperform

by Milan Vaishnav, CMT, MSTA | Nov 9, 2021 | Daily Market Outlook

In a listless and lacklustur day for the Indian equities, the market chose to consolidate for the entire day and spent the entire session in a sideways trajectory. The NIFTY opened on a modestly positive note; it got a little stronger and marked the intraday high...

Tuesday Trade Setup: NIFTY Showing Buoyant Undercurrents; Bullish Divergences On Lead Indicators Seen

by Milan Vaishnav, CMT, MSTA | Nov 8, 2021 | Daily Market Outlook

The Indian equities extended their up move on the first day of the week; however, that wasn’t without initial hiccups. Following a strong start to the day, the NIFTY rapidly pared its gains and slipped in the negative in the early minutes of the day. The index spent...

Monday Trade Setup: NIFTY To Have A Largely Stable Start; Stocks From These Pockets May Selectively Outperform

by Milan Vaishnav, CMT, MSTA | Nov 7, 2021 | Daily Market Outlook

While digesting initial reactions to the FOMC outcome and while stepping into a new Samvat, the Indian markets ended the short Mahurat Trading Session on a positive note. The session remained largely in line with what typically such symbolic and token sessions are...
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