by Milan Vaishnav, CMT, MSTA | Aug 17, 2021 | Daily Market Outlook
One more day of fierce consolidation by the NIFTY and yet another day of underperformance by Banknifty. This is pretty much what sums up the day on Tuesday. In line with the overnight global and prevailing Asian trade setup, the NIFTY saw a mildly negative start to...
by Milan Vaishnav, CMT, MSTA | Aug 16, 2021 | Daily Market Outlook
The show of internal strength continued in the Indian markets as the NIFTY inched higher and ended once again to a new lifetime high point. The markets saw a tepid start to the day but they ended up staying resilient to the Asian weakness. The NIFTY saw a flat start...
by Milan Vaishnav, CMT, MSTA | Aug 15, 2021 | Daily Market Outlook
After a fierce consolidation of over six days on the daily chart, the markets finally attempted to resume its up move in Thursday’s trade. On anticipated lines and as supported by F&O data, it was mentioned that the move may get extended on the last trading day of...
by Milan Vaishnav, CMT, MSTA | Aug 14, 2021 | Weekly Market Outlook
In the early weekly note, it was mentioned that the following eight weeks of consolidation, the NIFTY has finally staged a breakout while dragging its support levels considerably higher. Over the past five days, the NIFTY extended its gains while it closed at yet...
by Milan Vaishnav, CMT, MSTA | Aug 12, 2021 | Daily Market Outlook
In the previous note, it was observed that the short covering from the lower levels that led to a recovery in the markets yesterday is a good sign as market participants are not comfortable staying short at lower levels. The markets traded much on the expected lines...
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