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Thursday Trade Setup: NIFTY Hangs Precariously Below Key Resistance; Stay Highly Selective And Protect Profits

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

In the previous technical note, it was mentioned that the 100-DMA levels are still one of the major resistances on a closing basis. The Indian equities opened on a firm note on Wednesday as the NIFTY attempted to move higher. However, the markets lost ground from the...

Outlook For Wednesday: 200-DMA Proves Crucial Rebounding Point; Moving Past This Point Important For Extension Of The Move

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

The Indian equities had a remarkable turnaround from the low point of the day as they ended the day on a decently positive note. The markets witnessed a modestly negative start; the weakness increased in the late morning trade when the NIFTY drifted to almost 17000...

Tuesday Trade Setup: NIFTY Show Firm Signs Of Consolidation; Stay Stock-Specific And Protect Profits

by Milan Vaishnav, CMT, MSTA | Mar 21, 2022 | Daily Market Outlook

In the previous technical note, it was pointed out that the Indian equities had been rising in a short-covering led rally and are due for some imminent correction. The session on Monday turned out to be precisely on the expected lines.  The NIFTY opened on a modestly...

Monday Trade Setup: NIFTY Likely To See A Positive Start; Avoid Chasing The Up Move And Protect Profits At Higher Levels

by Milan Vaishnav, CMT, MSTA | Mar 20, 2022 | Daily Market Outlook

The Indian equities had a strong run on Thursday, the last trading day of the shortened week as they opened with a gap, maintained their gains, and ended the day on a very strong note. The NIFTY saw a gap-up opening on Thursday and kept marking incremental highs...

Thursday Trade Setup: NIFTY Stops At 200-DMA In A Short Covering Fueled Rally; Markets May Stay Cautious Ahead Of Long Weekend

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

In a strong and positive session on Wednesday, the NIFTY had a short-covering fueled rally as it closed the day with decent gains. The markets saw a positive start to the day; it opened higher and maintained its gains through the entire day. The NIFTY did see some...

Outlook For Wednesday: NIFTY To Stay Tentative; No Sustainable Upside Likely Unless Markets Move Past This Zone

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

The equity markets took a corrective turn after extending some gains over the previous close and ended the day with a cut. The NIFTY saw a stable opening; it opened higher on a positive note and formed its intraday high point in the early minutes of the trade. After...
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