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Blog posts : "chart"

Friday Trade Setup: NIFTY Shows Fatigue At Current Levels; This May Act As A Disruption Of Trend

On the day of weekly options expiry, the markets played out much on the expected lines. In the previous technical note, we had mentioned that the markets may continue to inch higher, but at the same time, may also face some selling pressure at higher levels. The session saw the NIFTY opening with a …

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Thursday Trade Setup: Weekly Options Expiry To Dominate NIFTY; Some Fatigue Seen Because Of This

The breakout that happened above the 11400-11430 zone continued well as the markets kept piling on gains amidst a firm risk-on setup. Following stable start to the Asian trade, the Indian equities saw a quiet opening. However, after spending initial minutes in the negative zone and marking the low p…

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Outlook For Wednesday: NIFTY Overstretched But May Still Attempt Up-moves; Guard Profits Vigilantly

The markets staged yet another strong up move as it opened higher, got stronger as the day progressed and ended while piling up decent gains. Following overnight weakness in the US Dollar and continued risk-on setup, the markets saw a gap up opening in the morning. Bulk of the session, until late af…

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Tuesday Trade Setup: NIFTY Drags Supports Higher; Avoid Shorts & Watch These Levels

The start to the week remained much on the expected lines. In the previous technical note, we had mentioned about the possibilities of the markets opening higher and the NIFTY pushing itself on the upside. Monday’s session saw the NIFTY opening on a higher note and getting stronger as the day progre…

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Monday Trade Setup: NIFTY Stares At Another Attempt To Move Higher; Navigating This Zone Crucial

After consolidating for two days, the markets have attempted to break above the crucial levels again as they staged a strong up move on Thursday and ended the day with decent gains. The NIFTY saw a gap up opening and got stronger as the day progressed. The NIFTY stayed in a capped range, but the ind…

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Week Ahead: NIFTY May Try To Push Higher Amid Increased Volatility; RRG Chart Says These Sectors May Start Making Moves

The week before this one stayed quite eventful as the NIFTY tested all its crucial supports on the daily and weekly charts. The previous week saw the NIFTY respecting few crucial support levels on the higher time frame charts and showing a technical pullback. The four-day trading week showed the hea…

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Thursday Trade Setup: NIFTY Below Crucial Levels; Weekly Options Expiry Point Towards These Levels To Watch

For the second day in a row, the Indian equity markets continued to consolidate below the important resistance levels before ending the day with modest gains. The markets opened on a quiet note and traded flat for the initial minute before slipping in the negative territory to mark the low point of …

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Outlook For Wednesday: NIFTY Likely To Consolidate In A Range; May Attempt To Test This Level Again

After two days of strong short covering, it was a time to consolidate for the markets. The Indian equities traded in a range bound manner throughout the day and ended the day on a flat note without taking any directional call. After opening on a positive note, the NIFTY marked its intraday high poin…

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Tuesday Trade Setup: NIFTY May See Continued Short Covering; Stay Vigilant At Higher Levels

A strong pullback in the markets continued for the second day in a row as the NIFTY opened positive, got stronger during the day, and ended with strong gains. The NIFTY saw a positive opening in line with overnight global cues and stable Asian markets. After opening positive, the index stayed in upw…

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Monday Trade Setup: NIFTY May See A Stable Start; Keep A Hawk-Eye On The Technical Pullback Here

The markets on Friday turned out once again on the expected lines as the NIFTY staged a strong pullback rally to end the day with decent gains. The markets saw itself opening on a modestly positive. After a mild initial decline, the NIFTY stayed in an upward rising channel for the whole trading sess…

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Crucial Week Ahead: NIFTY Set To Deal With Multiple Imp Technical Setups; RRG Chart Point Towards Sector-Specific Moves

Unlike the previous week that had stayed uneventful for the markets, the Indian equities witnessed an immensely volatile week that ended this Friday, September 25, 2020. The markets saw a good start to the week, but the second half of the week stayed terribly volatile that saw the markets ending wit…

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Friday Trade Setup: NIFTY To Make Attempts To Stabilize; Strengthening Dollar Index Remains A Concern

The equity markets had a disastrous day of the trade as the expiry of the current derivative series literally saw the blood bath on the streets. The markets opened lower, got much weaker during the day, and ended with a deep cut. The NIFTY saw a gap down opening following overnight global weakness a…

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Thursday Trade Setup: NIFTY To Stay Dominated With Expiry Moves; Resistance Points Have Been Dragged Lower

A session that can be called interesting from a technical perspective, the markets did all those things that it was expected to do. It did see a positive opening, attempted a pullback and at the same time also face a strong selling pressure at higher levels when it attempted to go near the 50-DMA. A…

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Outlook For Wednesday; NIFTY Might Attempt A Mild Pullback; Broader Structure Remains Weak

The markets struggled to find feet on the second day of the trading week as it ended the second day with a cut. The NIFTY saw itself opening on a positive note. However, post opening on a positive note, the markets marked its high in the very early seconds of the trade. Immediately after that, the N…

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Tuesday Trade Setup: NIFTY To See A Jittery Start; Crawling Back Above This Level Crucial

In a very disappointing and ugly day of trade, the Indian equities fell in line with the global weakness and ended the day with a deep cut. The markets saw a positive opening for the day and traded with limited gains until afternoon. Despite negative Asian markets, the Indian markets relatively outp…

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Monday Trade Setup: NIFTY May See A Soft Start; Markets Lacks The Required Momentum To Move Higher

The day of maintained gains fizzled out in the last hour and a half of Friday as the NIFTY not only gave up all gains but also showed wide ranging swings on either side. The markets showed a strong and positive start to the day. The beginning stayed on better-than expected lines. The good thing was,…

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Week Ahead: Slippery Road Ahead For the NIFTY; RRG Charts Show No Major Shift On The Sectoral Front

The week remained largely uneventful for the markets as they traded in a narrow range and consolidated over the past five days. The trading range also remained much narrow as compared to the earlier weeks. The NIFTY witnessed a movement in the band of just 235-odd point while avoiding taking any dir…

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Thursday Trade Setup: Weekly Options Expiry To Keep NIFTY In Defined Range; Selective Approach Is Advised

It was a positive day of trade for the Indian markets, as the NIFTY went on to extend its gains after half a day of consolidation. The markets saw a positive start to the trade and traded with capped gains in the morning session. At one point, after trading in defined range, the NIFTY gave up its ga…

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Outlook For Wednesday: NIFTY May Attempt Incremental Upsides; Likely US Dollar Pullback Stays A Risk

The bulls refused to let go of their grip on the markets as the Indian equities resumed its surge to end the day with a decent gain. The start to the day was a bit jittery on the expected lines. The NIFTY opened with a on a decently positive note but soon pared all its morning gains by late morning …

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Tuesday Trade Setup: NIFTY Weak Against Broader Markets; Continue Staying Defensive

In a wide-ranging and volatile session, the NIFTY hung precariously near its crucial levels after ended the day on a modestly negative note. The markets saw a buoyant start on the expected lines and stayed strong until the first half of the trading session. As mentioned in the previous technical not…

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