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Week Ahead: NIFTY Stays Crucially Poised; RRG Charts Hints At Markets Turning Defensive

by Milan Vaishnav, CMT, MSTA | Jul 31, 2021 | Weekly Market Outlook

It was one more consolidating week for the Indian equity markets. The NIFTY continued to consolidate over the past five days. Despite a couple of attempts, it failed to clear the important resistance of the the15900-15950 zone and suffered violent profit-taking twice...

Friday Trade Setup: NIFTY Likely To Stay Ranged; Respecting These Levels Crucial For The Markets

by Milan Vaishnav, CMT, MSTA | Jul 29, 2021 | Daily Market Outlook

In what remained an antidot as compared to the previous session, the Indian equity markets consolidated within a very narrow range with near-absent volatility. It traded in a very narrow range and ended the day on a positive note. The markets saw a positive opening to...

Thursday Trade Setup: Rollover and Expiry To Influence The Session; NIFTY Likely To Stay In Defined Range

by Milan Vaishnav, CMT, MSTA | Jul 28, 2021 | Daily Market Outlook

The equity markets continued to remain under corrective pressure and ended yet another day on a negative note. The markets saw a much weaker than expected opening and soon was gripped by a strong corrective move. The NIFTY slipped sharply and went below crucial...

Outlook For Wednesday: NIFTY May See Mild Pullbacks; Staying Selective Is Advised

by Milan Vaishnav, CMT, MSTA | Jul 27, 2021 | Daily Market Outlook

The zone of 15900-15950 remained a tough hurdle to clear for the markets as the NIFTY saw some corrected moves as it ended the day with a modest loss. The markets saw a positive start to the day. The NIFTY opened with modest gains and traded in a limited and defined...

Tuesday Trade Setup: NIFTY Continues To Fiercely Consolidate; Approach Markets Cautiously Unless A Directional Bias Emerges

by Milan Vaishnav, CMT, MSTA | Jul 26, 2021 | Daily Market Outlook

Lackluster and directionless. This can be the most appropriate description of the first session of the expiry week. The markets opened resiliently, traded in a capped range, and ended the day with a modest loss. The global setup was relatively weaker, but NIFTY saw a...
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