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Blog posts : "banknifty"

Thursday Trade Setup: The Last Trading Day Of The Year May Keep Upsides In Nifty Capped; Watch These Levels

Although the markets continued to post gains for the sixth day in a row, the NIFTY showed all signs of some impending consolidation at current levels. The markets saw a quiet opening on the expected lines. After opening positive, the NIFTY soon slipped in the negative territory. Following a recovery…

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Outlook For Wednesday: Quiet Start To The Day Expected; NIFTY's Behavior Against This Price Point Crucial

After a nasty corrective move on the 21st of December, the Indian equity markets continued to post gains for the fifth session in a row as it ended yet another day with modest gains. The markets opened on a modestly positive note. It marked its intraday high in the first hour of the trade. Following…

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Tuesday Trade Setup: NIFTY May Attempt Highs Again; Highly Prone To Some Consolidation Again At Present Levels

The markets opened after a long weekend following Christmas holiday and stepped into the new week with strength and vigor. The NIFTY opened on much stronger-than-expected note, stayed in a range, maintained gains, and ended the day with gains. The overall trading range, however, was limited as the d…

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Week Ahead: NIFTY Shows First Signs Of Broad Consolidation Even If It Shows Incremental Moves; These Sectors Poised For A Strong Move

In the recent weekly notes, we had mentioned about the markets getting overstretched and overextended over the immediate short term. It was a matter of concern as any form of a consolidation or a corrective move stood imminent; the absence of which was making the present uptrend highly risky and unh…

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Thursday Trade Setup: Weekly Options Expiry To Influence The Trend; Protect Profits Ahead Of A Long Weekend

In a second day of recovery, the Indian Equities continued seeing short covering throughout the day and closed the session with a decent gain. The NIFTY opened mildly in the negative but soon crawled in the positive territory after initial minutes of the trade. As it marked the day’s low point in th…

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Outlook For Wednesday: NIFTY See Creation Of This Trading Range; Tactical Shift Of Preference Towards These Stocks Seen

Following a very steep and violent decline in the previous session, the NIFTY showed some pullback on the anticipated lines. The start to the day remained very shaky and the first half of the session remained very volatile as the NIFTY kept oscillating in a 150-point range in the negative territory.…

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Tuesday Trade Setup: NIFTY See Violent Mean Reversion; Use Dips To Buy These Stocks

What was feared over the past many days finally happened as the Indian equities took a very sharp hit to end the day with a deep cut. The markets opened negative but soon recouped all the opening losses in the morning trade. However, since late morning trade, a severe selling pressure gripped the ma…

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Week Ahead: Markets See Sector Rotation; RRG Chart Tell Us To Focus Here As NIFTY Stays Prone To Consolidation

Over the past five days, the Indian equities continued with their measured up move and went on to pile up some more incremental gains. After some brief consolidation in the beginning of the week, the NIFTY went on to mark fresh lifetime closing highs each day as the liquidity continued chasing the e…

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Friday Trade Setup: NIFTY Highly Overbought As Undercurrent Remains Strong; Protect Profits At Higher Levels

The expiry of the weekly options happened on the expected lines as the NIFTY stayed in a range, but also continued posting new highs. There was no stopping for the markets as the index piled on gains despite being heavily overbought and overstretched on the charts. The markets opened on a quiet note…

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Thursday Trade Setup: NIFTY Highly Overbought Amid Strong Undercurrents; Continue Approaching Markets This Way

After four days of consolidation below the 13550 levels, the already overextended markets pushed itself higher to end once again on a new closing high. The markets saw a decently positive start to the day. After maintaining modest gains and staying rangebound in the first half of the day, the market…

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Outlook For Wednesday: As NIFTY Consolidates, Call Writing At This Level May Offer Cues For The Near Term

This was the fourth day in a row where the markets continued to strongly consolidate at higher levels before ending the day on a flat note. The NIFTY saw a modestly negative opening on the expected lines. It slipped further in the morning trade to mark the low point for the day. Just when it seemed …

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Tuesday Trade Setup: NIFTY Likely To See A Quiet Start; Continue Staying Stock-Specific

The Indian equity markets witnessed consolidation on much anticipated lines as the NIFTY opened higher, oscillated in a capped range, and ended the day with mild gains. The markets continued to post incremental gains and a fresh lifetime high a gain. The NIFTY opened higher and marked the intraday h…

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Monday Trade Setup: Overextended NIFTY Stays Prune To Volatile Bouts; Tackle It This Way

In a day of consolidation for the Indian equities, the markets traded on anticipated lines while it ended with mid gains on the last day of the trading week. The markets saw a better-than-expected opening as stayed firm on in the first half of the session. Just when it seemed as yet another day of a…

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Week Ahead: NIFTY Strong But Warrants Caution At These Levels; RRG Chart Shows Good Activity In These Sectors

In what was a sixth consecutive week of gains, the Indian equities continued with their up move and extended their gains. It was a measured move ahead for the markets where it went on to close with fresh lifetime highs once again. The trading range over the past five days was a bit narrower than the…

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Friday Trade Setup: NIFTY Shows Clear Signs Of Fatigue; Staying With These Stocks Will Offer Better Risk-Reward

In a session that stayed dominated with weekly options expiry, the Indian equity markets took a breather while it halted its unabated up move and ended with minor losses. The markets saw a negative opening and soon reached the low point of the day in the early morning trade. The session saw the Inde…

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Thursday Trade Setup: Moves Without Any Correction Makes NIFTY Unhealthy; Follow This Steps To Approach The Markets

A wild chase to the equities continued as the Indian markets opened positive, got stronger as the day progressed and ended with yet another set of decent gains. The markets saw a better-than-expected start to the day and showed no signs of letting up throughout the day. Despite minor and small intra…

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Thursday Trade Setup: Moves Without Any Correction Makes NIFTY Unhealthy; Follow This Steps To Approach The Markets

A wild chase to the equities continued as the Indian markets opened positive, got stronger as the day progressed and ended with yet another set of decent gains. The markets saw a better-than-expected start to the day and showed no signs of letting up throughout the day. Despite minor and small intra…

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Outlook For Wednesday: NIFTY Remains Overstretched; Use Up Moves, If Any, To Protect Profits

Fueled by strong FII inflows following weak US Dollar, the Indian equities continued piling up incremental The Indian equities continued to post fresh lifetime high as the NIFTY surged higher and ended the day with modest gains. However, Tuesday’s session was more of a consolidation and the markets …

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Tuesday Trade Setup: With NIFTY In Uncharted Territory, Adopt This Method To Approach The Markets

After opening flat and trading with limited gains in the first half, the NIFTY continued with its journey in the uncharted territory while posting some more gains in the process. The NIFTY opened flat and spend the first half of the session trading with limited gains. The second half saw some gains …

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Monday Trade Setup: NIFTY At New Highs Fueled By Dollar Weakness; This Behavior Of The Dollar Index May Influence The Index

Fueled by strong FII inflows following weak US Dollar, the Indian equities continued piling up incremental gains and ended once more time at fresh lifetime highs. The session remained choppy as the NIFTY swung over 200-points (both sides) before ending near the high point of the day. After a modestl…

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