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Tuesday Trade Setup: NIFTY Poised At Crucial Juncture; Short-Term Technical Picture Remains Weak

by Milan Vaishnav, CMT, MSTA | Jul 12, 2021 | Daily Market Outlook

The markets continued to consolidate and came off from their high point to end the day on an absolutely flat note. The NIFTY took no directional bias, showed no inclination on moving higher, and corrected through the course of the day. Markets saw a...

Monday Trade Setup: NIFTY Likely To See A Positive Start: Broader Technical Setup Stays This Way

by Milan Vaishnav, CMT, MSTA | Jul 11, 2021 | Daily Market Outlook

It was the second day when the markets traded with a corrective intent and ended the day with minor losses. The NIFTY saw a soft start to the day and the Index marked its intraday low in the early morning session. The morning session also saw the markets pulling...

Week Ahead: NIFTY Mildly Violates This Pattern Support; RRG Chart Shows Mixed Sectoral Trends

by Milan Vaishnav, CMT, MSTA | Jul 10, 2021 | Weekly Market Outlook

Over the past five days, the Indian equity markets consolidated and traded in the limited range while it ended the week with a modest loss. The NIFTY oscillated in the same range as the week before this one; though it ended on a negative note, it has also formed a...

Friday Trade Setup: NIFTY May See Few Pullbacks; These Core Technical Issues Remain A Concern

by Milan Vaishnav, CMT, MSTA | Jul 8, 2021 | Daily Market Outlook

The markets finally had a corrective move as it spent the entire day in a downward trajectory to end the day with a cut. The markets opened on a resilient note and resisted weakness in the early minutes of the trade. However, selling pressure started to creep in and...

Thursday Trade Setup: NIFTY Tests Higher Levels Again; Options Data Show This Level As Inflection Point

by Milan Vaishnav, CMT, MSTA | Jul 7, 2021 | Daily Market Outlook

In a much resilient performance, the Indian equity markets put up a strong show ahead of the weekly options expiry and ended the day with modest gains. Following a relatively weak Asian trade setup, the NIFTY saw a modestly negative opening in the morning. However,...
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