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Blog posts : "niftyoutlook"

Thursday Trade Setup: Options Expiry To Influence the Trend For NIFTY; Broader Bias Remains Negative Unless These Levels Are Breached

In our previous note, we had not only mentioned about the possibility of the markets seeing a pullback, but also the possibilities of a selloff at higher levels. While trading precisely on the expected lines, the NIFTY saw a strong start to the session. It got even stronger as the day progressed whi…

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Wednesday Trade Setup: Even If Pullbacks Occur, NIFTY Vulnerable With Each Rise; Resistance Shifts Lower

In the session that worked out perfectly on the anticipated lines, the NIFTY finally succumbed to a corrective move after resisting to the 200-DMA for several days. The Markets saw a negative opening and stayed in the negative territory for the entire session. At no point in time did the Index showe…

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Tuesday Trade Setup: NIFTY Face Diminishing Momentum At Higher Levels; This Would Be The Prudent Way To Approach Markets

In the previous note, we had categorically mentioned the 200-DMA as one of the major resistance levels for the NIFTY. In line with this analysis, this level posed a stiff resistance once again to the Index. The markets saw a gap up opening; this ensured that the NIFTY opens exactly at the resistance…

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Monday Trade Setup: Signs Of Fatigue Visible On NIFTY; Guard Profits Unless Index Penetrates This Level

It was a day of corrective move for the markets again as the NIFTY consolidated in a measured and defined range before ending the day with a modest loss. The markets opened on a mildly negative note, but the early morning trade saw the NIFTY recouping the opening losses to trade flat near the previo…

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Week Ahead: NIFTY Displays Diminishing Momentum; RRG Chart Has Only This Sector Comfortably Placed In Leading Quadrant

The Indian equity markets went on to end its fourth week in a row with gains as the NIFTY extended its up move. However, unlike the previous week, the trading range narrowed down considerably, and the momentum appeared to be losing its strength as well. As compared 400-point trading range seen in th…

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Outlook For Friday: NIFTY Stays Below Key Levels; This Lead Indicator Need Our Attention

The expiry of the weekly options remained in stark contrast of the previous session as the markets had a secularly positive day. The markets opened positive, stayed stable, and got stronger through the day. The highest Call OI was concentrated at 11000 followed by 10800 strikes. A minor shift in the…

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Thursday Trade Setup: Options Data Shows NIFTY Dragging Resistance Lower; This Zone May Become A Temporary Top

Finally, the confluence area of two major pattern resistance point proved stiff for the markets as the NIFTY saw some serious unwinding from higher levels after facing resistance near that area for three day. The NIFTY saw a quiet start to the day on anticipated lines; it traded sideways in a define…

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Outlook For Wednesday: NIFTY Shows Mild Signs Of Distribution; Fresh Buying Only Above This Level

It was a day of severe consolidation for the markets as the NIFTY oscillated in a very narrow and defined range to end the day with a modest gain. The markets opened positive, but soon pared those opening gains to trade on a flat note. After heading nowhere, the NIFTY saw some selling pressure which…

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Tuesday Trade Setup: NIFTY Pushed By Liquidity; Traders Need To Vigilantly Trail Their Exits Because Of This

The equity markets had a much buoyant and better than expected start to the week as they opened higher, got stronger during the day, and ended the day with a decent gain. Even when the US Markets were shut on Friday, the Asian markets opened higher on back of strong gains in the Dow futures. Regardl…

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Monday Trade Setup: Absence Of Overnight Global Cues To Cause A Quiet Start; Protect Profits At All Levels

The Indian equity markets further narrowed it trading range as it oscillated in a very limited range throughout the day to end with modest gains. The NIFTY opened on a mildly positive note and staying in positive territory for the entire session. However, without capturing any directional trend, the…

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Week Ahead: NIFTY To Make Measured Moves; RRG Chart Show Sector Rotation On Expected Lines

The NIFTY continued its surge for the third week in a row as it extended its gains. In the previous weekly note, we had mentioned the possibilities of the mild extension of the up move. In the week that went by, the NIFTY saw itself oscillating in a slightly expanded range. The trading range for the…

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Friday Trade Setup: A Mild Extension Of Up Move Will See NIFTY Meeting This Confluence Area Of Two Pattern Resistances; Protect Profits

The short covering in the Indian markets continued for the third day in a row as the NIFTY continued its advance and ended the day with gains. The weekly options expiry continued to rule to roost as it dominated the trend for the entire session. The maximum Call OI shifted from 10500 to 10600 and it…

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Outlook For Thursday: NIFTY See Sharp Short Covering; May See Diminishing Momentum Because Of This

The Indian equity markets saw a trending day today as the headline index went on to end the day with gains. The NIFTY futures were trading with steep discount to its spot price over the past couple of days and this was the evidence of the existence of the shorts in the system. The markets saw a posi…

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Wednesday Trade Setup: NIFTY Might See A Stable Start To The Day; Markets Stays Vulnerable At Higher Levels

The markets witnessed some consolidation on a closing basis, but the day remained much weaker than the previous session. Following an overnight strong close of the US markets, Asia also started on a firm note. The Indian markets saw a strong opening, however, it failed to capitalize on it. The buoya…

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Outlook For Tuesday: Technicals Remain Weak For NIFTY; This Zone Will be Difficult To Navigate

The Indian markets had a negative day, but the markets traded precisely on the expected lines. We had expressed a concern that the overnight weak closing on the US Markets may see the weakness getting extended in Asian markets as well but we may also see improvement as we  go ahead in the session. T…

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Monday Trade Setup: Soft Start To The Day Likely; NIFTY Likely To Stay Ranged

It was a range-bound day for the markets as the NIFTY oscillated in a 100-point range throughout the day before ending the a yet another day with gains. The markets saw a resilient opening and opened near the high point of the day. However, it soon pared most of its opening gains and spent the remai…

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Week Ahead: NIFTY Crucially Poised Amid Mixed Signals; RRG Chart Shows This Sector Topping Out

In a relatively less volatile week, the Indian equities continued to surge higher amid liquidity driven rally. After gaining 2.72% in the week before this one, the NIFTY extended its up move in this week as well. The index saw range bound movement of just 359 points over the past five session, which…

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Friday Trade Setup: NIFTY Likely To Stay Tentative; Protect Profits On Either Side Due To These Reasons

The markets had a volatile expiry day as the headline index NIFTY50 oscillated in the 150-points range during the day to end flat with a marginal loss. The Markets saw a negative opening to the session ahead of the expiry, but soon crawled in the green to trade with gains. The recovery was soon give…

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Thursday Trade Setup: Expiry To Dominate The Trend; Pattern Analysis Shows Loss Of Internal Strength

After opening positive and trading on a stronger note in the first half, the markets took a turn on the corrective side in the afternoon trade. The stronger opening saw the NIFTY opening right in the resistance zone. The NIFTY oscillated in a defined range in a sideways move while occasionally slipp…

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Outlook For Wednesday: NIFTY Stable Within The Rising Channel; Supports Shift Higher To This Level

The equity markets gained for the fourth day in a row as the liquidity continued to drive the momentum on the higher side. The markets saw an all-round secular performance which resulted into all the sectors ending with gains. Amongst the all, the financial services, banks and realty saw some strong…

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