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Friday Trade Setup: NIFTY Inherently Strong; Some Consolidation Is Imminent At Higher Levels

by Milan Vaishnav, CMT, MSTA | Sep 23, 2021 | Daily Market Outlook

In the previous technical note, it was mentioned that the Indian markets will be inheriting the overnight global trade setup following announcements by the FOMC. The Fed’s comments on tapering were taken positively by the US Markets; they ended higher and handed over...

Outlook For Thursday: NIFTY Likely To Inherit Overnight Global Trade Setup; Important To Keep Head Above This Point

by Milan Vaishnav, CMT, MSTA | Sep 22, 2021 | Daily Market Outlook

Ahead of the FOMC meet outcome, the key indices chose to stay highly guarded whereas the broader markets showed a widespread rally on Wednesday. The session saw a flat start to the trading day. The NIFTY opened modestly positive and spent the entire session moving in...

Outlook For Wednesday: NIFTY To Stay Largely Stable; Keep Head Above This Point Crucial

by Milan Vaishnav, CMT, MSTA | Sep 21, 2021 | Daily Market Outlook

The markets were at their resilient best as they staged a remarkable recovery during the day to close on a strong note. The NIFTY saw a jittery start to the day; it spent the initial minutes of the trade-in a ranged manner. The NIFTY slipped in the green after trading...

Tuesday Trade Setup: NIFTY May Attempt To Regain Stability; Crawling Back Above This Level Important

by Milan Vaishnav, CMT, MSTA | Sep 20, 2021 | Daily Market Outlook

The Indian markets weren’t spared from the negative technical trade setup of the global markets. Following a weak overnight trade setup, the Asian markets traded weak in the morning. Because of this, the Indian markets too had a gap-down opening. However, on the...

Monday Trade Setup: NIFTY May Undergo Some Imminent Consolidation; Continue Staying Stock-Specific

by Milan Vaishnav, CMT, MSTA | Sep 19, 2021 | Daily Market Outlook

The previous session saw the markets coming off from their highs; it finally consolidated and ended the day with a modest loss. Markets saw a strong start to the day; it opened positive and edged higher towards the afternoon trade. While the NIFTY just marked its...
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