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Thursday Trade Setup: NIFTY Heads Into Weekly Options Expiry Evenly Placed; May Stay Stable In Absence Of Negative Overnight Cues

by Milan Vaishnav, CMT, MSTA | May 18, 2022 | Daily Market Outlook

After a strong move of over 400-points in the session before this one, the NIFTY spent a day in a strong consolidation mode as it ended the day with a minor loss. The markets saw a positive start to the day; it traded with modest gains in the first half of the...

Outlook For Wednesday: NIFTY Holds The Important Pattern Support Zone; Continue Staying Stock-Specific While Approaching The Markets

by Milan Vaishnav, CMT, MSTA | May 17, 2022 | Daily Market Outlook

In the previous technical note, it was mentioned that the NIFTY has been testing the pattern support for the last two days; the oversold nature of the markets makes a larger case for a technical pullback. The markets finally got its long-awaited strong technical...

Tuesday Trade Setup: NIFTY Continues Its Struggle To Find A Potential Base; Keeping Head Above This Zone Stays Crucial

by Milan Vaishnav, CMT, MSTA | May 16, 2022 | Daily Market Outlook

For the second day in a row, the Indian equity markets consolidated and ended the day with mild gains. The NIFTY has tried very hard to keep its head above the support zone of 15700-15750 which also happens to be important pattern support as well. The NIFTY had a...

Monday Trade Setup: NIFTY May See A Positive Start; Keeping Head Above This Level Crucial

by Milan Vaishnav, CMT, MSTA | May 15, 2022 | Daily Market Outlook

What seemed like a perfect technical pullback day for the markets turned disappointing as the NIFTY gave up all its gains to close the day on a modestly negative note. The markets saw a positive start to the day; and after an initial blip, grew stronger as the day...

Friday Trade Setup: NIFTY Overdue For Technical Pullback If No Overnight Negative Cues Are To Be Dealt With; Stay Defensive In Approach

by Milan Vaishnav, CMT, MSTA | May 12, 2022 | Daily Market Outlook

On a very weak and disappointing day of the trade, the NIFTY opened with a gap down, stayed weak throughout the day, and ended with a deep cut. The markets opened on a gap down following the weak global trade setup; the NIFTY stayed in a falling trajectory throughout...

Thursday Trade Setup: NIFTY Holds Important Support; Stay Invested In These Stocks For The Near Term

by Milan Vaishnav, CMT, MSTA | May 11, 2022 | Daily Market Outlook

It was a day of strong consolidation once again for the Indian equities as they struggled to hold on to pattern support while they ended the day with a modest cut. The markets saw a positive start to the day; however, it soon drifted into the negative territory. The...
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