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Monday Trade Setup: NIFTY Likely To See A Quiet Start; Avoid Aggressive Buying Unless Breakout Is Confirmed

by Milan Vaishnav, CMT, MSTA | Jul 18, 2021 | Daily Market Outlook

As the consolidation continued, the Indian equity market refused to stage a breakout and ended the day on a flat note after spending the day in a capped range. The NIFTY opened on a positive note and formed its intraday high in the early minutes of the trade. After...

Week Ahead: Stay Alert As NIFTY Awaits A Breakout Amid Weak Technical Setup

by Milan Vaishnav, CMT, MSTA | Jul 17, 2021 | Weekly Market Outlook

The Indian equities showed a lot of resilience throughout the past five trading days and managed to close on a fresh weekly near its fresh all-time high point. The markets stayed resilient to the downsides, but at the same time, showed fierce consolidation at higher...

Friday Trade Setup: NIFTY Creates Some Room For More Upside; Keeping Head Above This Point Crucial

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

On the anticipated lines, the Indian equity markets inched higher; NIFTY marked a fresh lifetime high and also closed at its highest levels. In yesterday’s note, it was pointed out that the NIFTY had made some room for itself to move higher as the maximum Call OI had...

Thursday Trade Setup: NIFTY Sits At Crucial Levels; Chase Momentum Mindfully

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

The Indian equity markets put up a resilient show ahead of the weekly options expiry and ended the day on a positive note. The Index is at the kissing distance of its all-time high point as it approaches the weekly options expiry on Thursday. The markets saw a tepid...

Outlook For Wednesday: NIFTY Lifts Itself Up On Short Covering; Meaningful Up-move Only Above This Point

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

While the global trade setup helped, a short covering led move pulled the markets up as the NIFTY closed the day with gains. Despite a favorable trade setup, the NIFTY saw a weaker-than-expected start even if it opened on a positive note. In a range-bound trade in the...
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