by Milan Vaishnav, CMT, MSTA | Sep 25, 2021 | Weekly Market Outlook
Much on the expected lines, the Indian equity markets had a strong week. Despite being overbought and a bit overextended on the charts, the stocks put up a resilient show while the NIFTY tested and closed at a fresh lifetime high point. The Indian markets were one of...
by Milan Vaishnav, CMT, MSTA | Sep 18, 2021 | Weekly Market Outlook
As discussed in the earlier technical note, the Indian equity markets were grossly overbought; as a result, they were largely expected to consolidate. However, in the first four days of the week, the NIFTY put up a very strong show as it kept marking incremental...
by Milan Vaishnav, CMT, MSTA | Sep 11, 2021 | Weekly Market Outlook
In the previous weekly note, it was mentioned that even though the NIFTY and other key indexes are grossly overbought, the options data is continuing to show strength. This also meant that the supports were dragged higher by the NIFTY. While trading on the expected...
by Milan Vaishnav, CMT, MSTA | Sep 4, 2021 | Weekly Market Outlook
In a very strong surge to the up move, the Indian equity markets scaled greater heights as they ended on a new lifetime high. In the previous edition of the weekly note, it was mentioned that looking at the week’s options data and the amount of PUT writing that was...
by Milan Vaishnav, CMT, MSTA | Aug 28, 2021 | Weekly Market Outlook
In the previous weekly note, it was mentioned that although the markets are due for some range-bound consolidation, defending the zone of 16300-16450 will be crucial for the NIFTY. Over the past five days, the NIFTY kept marking intermittent highs with some...
by Milan Vaishnav, CMT, MSTA | Aug 21, 2021 | Weekly Market Outlook
In the previous weekly note, we had mentioned that the only trouble with the otherwise buoyant NIFTY is that it is overextended on the daily chart. The week that went by saw the markets consolidating at higher levels. On the global landscape, the taper tantrums” from...
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