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Friday Trade Setup: NIFTY Stays In The Broad Range; Moving Past This Point Is Getting Increasingly Important

by Milan Vaishnav, CMT, MSTA | Mar 31, 2022 | Daily Market Outlook

While trading on anticipated lines, the Indian equities not only consolidated but also remained highly influenced by the monthly expiry of the current month’s derivative series as well. The trading range for the markets remained quite narrow; NIFTY stayed in a...

Thursday Trade Setup: NIFTY Stares At A Potential Breakout; Moving Past And Staying Above This Point Crucial

by Milan Vaishnav, CMT, MSTA | Mar 30, 2022 | Daily Market Outlook

On a strong and trending day for the stock markets, the NIFTY attempted hard to break out of the congestion zone that it had formed for itself. It opened strong today, maintained its gains, and ended the day on a strong note. The markets saw a positive start to the...

Outlook For Wednesday: NIFTY Shows Some Underlying Strength; May Continue Staying Vulnerable To Profit-Taking Bouts Below This Point

by Milan Vaishnav, CMT, MSTA | Mar 29, 2022 | Daily Market Outlook

It was a day of positive consolidation for the stock market; the NIFTY opened higher on a positive note, maintained its gains throughout the day, and ended on a modestly positive note. The NIFTY opened above the 50-DMA levels but continued to resist the 17300 levels...

Tuesday Trade Setup: NIFTY Stays In A Broadly Defined Trading Range; Protect Profits Vigilantly Unless This Level Is Taken Out

by Milan Vaishnav, CMT, MSTA | Mar 28, 2022 | Daily Market Outlook

While the market saw a remarkable recovery from the lower levels of the day, it continued to stay in a broadly defined consolidation range. The NIFTY saw a weak opening to the trade; it drifted lower to the levels very close to the psychologically important...

Monday Trade Setup: NIFTY Likely To See A Quiet Start; May Say Devoid Of Directional Bias Unless Any Of These Levels Are Breached

by Milan Vaishnav, CMT, MSTA | Mar 27, 2022 | Daily Market Outlook

The markets continued to consolidate for the sixth day in a row; it opened on a modestly positive note, soon drifted in the red, and spent the rest on the session in a capped range before ending with minor losses. The NIFTY opened on a positive note, but it marked its...

Friday Trade Setup: NIFTY Continues To Hang In Balance; Sustainable Upside Moves Unlikely So Long As Index Is Below This Point

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

The Indian equity markets continued to consolidate; the NIFTY opened on a weaker than expected note but recouped from the low point of the day to end with a negligible loss. The markets saw a weak start to the day; the Index opened more than 100 points lower. However,...
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