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Monday Trade Setup: NIFTY Likely To See A Tepid Start; Keep Exposures Limited To Defensive Low Beta Stocks

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

In the previous technical note, it was mentioned that the NIFTY faces resistance in the 17150-17200 zones in form of the short-term 20-DMA as well as a small pattern trend line. It was imperative for the index to move past this zone for an extended up move. On the...

Friday Trade Setup: NIFTY Nears A Consolidation Zone; Moving Past and Staying Above 20-DMA Important

by Milan Vaishnav, CMT, MSTA | Dec 23, 2021 | Daily Market Outlook

On the expected lines, the NIFTY continued with its up move as it extended its gains. The Indian equities opened positive and stayed in the positive territory while ending the day with gains. After opening with gains, NIFTY gave up the bulk of its gains in the morning...

Thursday Trade Setup: NIFTY To Stay Stable If No Overnight Negative Cues Are To Be Dealt With; Trace These Levels On Index

by Milan Vaishnav, CMT, MSTA | Dec 22, 2021 | Daily Market Outlook

While playing out the session on the anticipated lines, the markets extended their up move and ended the day on a decently positive note. The NIFTY saw a positive start to the day. The opening gains saw the markets trading stable until the afternoon trade. While the...

Outlook For Wednesday: NIFTY To See A Stable Start; Moving Above This Zone Important For Sustainable Recovery

by Milan Vaishnav, CMT, MSTA | Dec 21, 2021 | Daily Market Outlook

The markets attempted fiercely to find a bottom for themselves as they ended with gains despite giving up some portion of their gains. The markets saw a stable and strong start to the day; it only got stronger as the day progressed. The markets put up strong gains by...

Tuesday Trade Setup: NIFTY May Have Formed A Potential Bottom; Stay Away From Creating Shorts

by Milan Vaishnav, CMT, MSTA | Dec 20, 2021 | Daily Market Outlook

In a disastrously weak session, the Indian equity markets put up a gross underperformance against the global markets again and ended the day with a deep cut after a greatly volatile session. The NIFTY saw a gap-down opening; after a gap-down start, the markets showed...

Monday Trade Setup: Opening and Intraday Trajectory For NIFTY Crucial; Need To Keep Head Above This Point

by Milan Vaishnav, CMT, MSTA | Dec 19, 2021 | Daily Market Outlook

In a predominantly weak day of trade on Friday, the Indian equities continued to grossly underperform the global markets as it ended the day with a deep cut. Following a negative start to the day, the markets remained in a secular downtrend and under consistent...
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