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Week Ahead: NIFTY May Broadly Consolidate; RRG Chart Shows This Sector Ending Its Relative Underperformance

by Milan Vaishnav, CMT, MSTA | Sep 18, 2021 | Weekly Market Outlook

As discussed in the earlier technical note, the Indian equity markets were grossly overbought; as a result, they were largely expected to consolidate. However, in the first four days of the week, the NIFTY put up a very strong show as it kept marking incremental...

Friday Trade Setup: NIFTY May Consolidate At Higher Levels; Focus To Shift To These Sectors

by Milan Vaishnav, CMT, MSTA | Sep 16, 2021 | Daily Market Outlook

The Indian equity markets traded much stronger than expected on the weekly options expiry day. They not only stayed resilient as compared to their global peers, it went on to add incremental gains to end at yet another lifetime high level. The NIFTY saw a quiet start...

Thursday Trade Setup: NIFTY Shows Buoyant Signs; Staying Above This Level Important To Avoid Consolidation

by Milan Vaishnav, CMT, MSTA | Sep 15, 2021 | Daily Market Outlook

The Indian equity markets continued to solidly outperform their global peers; the Nifty and the Sensex once again surged and ended at a new lifetime high levels. The NIFTY saw a stable start to the day; it marked its day’s low point in the opening minutes and never...

Outlook For Wednesday: NIFTY May Stay Ranged For Some More Time; Moving Past This Level Crucial

by Milan Vaishnav, CMT, MSTA | Sep 14, 2021 | Daily Market Outlook

The equity markets continued to consolidate for the sixth day in a row while the NIFTY ended the day with minor gains. Markets saw a positive start to the session. The NIFTY opened higher, but it formed its intraday high point in the first hour of the trade. After...

Tuesday Trade Setup: NIFTY To See A Stable Start; Markets May Continue To Consolidate With These Levels Acting As Resistance

by Milan Vaishnav, CMT, MSTA | Sep 13, 2021 | Daily Market Outlook

Yet another day, and yet another session of a resilient performance and consolidation by the Indian equity markets. In contrast where the global technical setup is relatively weaker, the Indian markets put up a strong show and continued to consolidate instead of...
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