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Tuesday Trade Setup: NIFTY Inherently Strong Even If Breakout Is Not Confirmed; Options Data Give Positive Insights

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

On a day that stayed technically important, the NIFTY marked a fresh lifetime high point again as it took out its earlier intraday high. Following a tepid start on the expected lines, the markets opened flat and slipped in the negative territory for a very brief...

Monday Trade Setup: NIFTY Creates A Stage For Testing Previous Highs; Continue Staying Selective And Avoid Shorts

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

The markets continued to inch higher; at the same time, it halted their move near the key resistance areas that fall near the lifetime high for the NIFTY. Following a stable start, as expected, the NIFTY stayed above the crucial 17800 levels. It was because of this...

Week Ahead: NIFTY Stares At A Potentially Strong Week; RRG Charts Many Sectors Strongly Placed

by Milan Vaishnav, CMT, MSTA | Oct 9, 2021 | Weekly Market Outlook

In the previous weekly note, it was mentioned that the markets have formed a broad trading and consolidation range between 17950 on the higher side and 17400 on the lower side. It was also analyzed that unless the NIFTY breaches the upper edge or violates the lower...

Friday Trade Setup: NIFTY Stays In A Broad Range; Consolidation May Continue To Persist Until This Level Is Taken Out

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

It was a day of positive consolidation for the markets; the NIFTY opened higher, got stronger during the day, came off from its highs but maintained its opening gains to close in the positive zone. Following a favorable global trade setup, the Indian equities saw...

Thursday Trade Setup: NIFTY May See A Stable Start To The Day; Protect Profits At Higher Levels

by Milan Vaishnav, CMT, MSTA | Oct 6, 2021 | Daily Market Outlook

As mentioned in the previous note, the Indian equity markets that were resilient over the past many days saw a corrective move once again which kept them under the broad consolidation. The markets saw a positive start to the day; however, they marked the day’s high in...
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