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Friday Trade Setup: Good Possibility Of Pullback Getting Extended; Avoid Shorts and Continue Buying The Dips

by Milan Vaishnav, CMT, MSTA | May 26, 2022 | Daily Market Outlook

It was a good trending day for the markets as they ended with a decent gain after recovery from an initially weak session. NIFTY saw a positive start to the day, but it soon slipped into the negative territory in the first hour of the trade. As the markets drifted...

Thursday Trade Setup: NIFTY Stays In A Broad Trading Range; No Sustainable Directional Bias Is Expected Until Either Of These Levels Are Breached

by Milan Vaishnav, CMT, MSTA | May 25, 2022 | Daily Market Outlook

On a listless day of trade with a bearish undertone, the Indian equity markets ended the day on a negative note after opening with gains. The NIFTY opened on a positive note on the expected lines; however, it marked its intraday high point in the early minutes of the...

Outlook for Wednesday: NIFTY Likely To See Upsides Capped At This Point; Stay Light On Exposures

by Milan Vaishnav, CMT, MSTA | May 24, 2022 | Daily Market Outlook

It was a tepid session for the Indian equity markets as the NIFTY stayed in a capped range before ending the day with a modest decline. The markets had no negative overnight cues to deal with; they opened on a stable note on the expected lines. The index opened on a...

Tuesday Trade Setup: NIFTY To Find Resistance At This Point Unless The Gap Is Filled; Continue Staying Selective On Markets

by Milan Vaishnav, CMT, MSTA | May 23, 2022 | Daily Market Outlook

The markets approached their key resistance levels after a strong start and ended the day with a minor loss after coming off their highs. The NIFTY saw a stable start to the day on the expected lines, and after an initial blip, it stayed in the upward rising...

Monday Trade Setup: A Stable Start Is Likely For The Markets; Maintain Focus On Relatively Stronger Pockets

by Milan Vaishnav, CMT, MSTA | May 22, 2022 | Daily Market Outlook

In yet another gaped opening, and this time on the upside, the Indian markets staged a strong short covering-led move and ended the day on a strong note. The NIFTY opened on a higher note; it got stronger as the day progressed. The markets went past the crucial...

Friday Trade Setup: If Overnight Cues Do Not Play A Spoilsport, NIFTY Still Has A Case For A Pullback; Pattern Support Still Remains Intace

by Milan Vaishnav, CMT, MSTA | May 19, 2022 | Daily Market Outlook

Equity markets had a very disappointing and structured session on Thursday; it opened with a strong gap-down, grew weaker as the day progressed, and ended with a deep cut. The markets inherited a very weak overnight trade setup; the US markets had a deep cut, and this...
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