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Blog posts : "niftytrend"

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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Friday Trade Setup: NIFTY Continues To Stay Precarious; May Get Weak If It Slips Below This Level

Despite the overnight global weakness, the Indian equities staged a resilient show but went on to end the day on a negative note. Following overnight weakness in the US Markets and prevailing weakness within Asia, the Indian markets saw a lower opening. However, the opening was on a negative note, b…

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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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Monday Trade Setup: NIFTY Likely To See A Stable Start; Crucial To Keep Head Above These Levels

In a thoroughly listless day, the markets spent the whole session trading in a very capped and narrow range and ended the day on a flat note. The markets saw a modestly positive opening to the session on anticipated lines. After that, it soon pared those modest gains in the early morning trade. Afte…

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Week Ahead: This Fractal Pattern Is A Concerning Factor For Near Term; RRG Charts Tell To Stay Sector-Specific

The Indian equities ended the week with modest gains as it struggled to keep afloat when the global markets showed sharp corrective moves leading to the revision of means. In a trading range that stayed narrower if compared to the week before this one, the headline index ended with gains while the b…

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Friday Trade Setup: Important For NIFTY To Stay Above This Pattern Resistance Point; Has A Turbulent Patch Ahead

Contrary to the expectations, the weekly options expiry day remained a strongly trending one as the NIFTY ended the day on a strong note. The markets opened on anticipated lines and traded in a range amid modest gains. However, after the late morning trade, the trend got even stronger. The NIFTY tes…

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Thursday Trade Setup: Weekly Expiry May Keep NIFTY Both Range-bound & Volatile; Stay Light

In a relatively resilient day of trade, the Indian equity staged a range-bound move before ending the day with a modest cut. Following the overnight weakness in the global markets, the Indian equities saw a weaker opening. After opening negative, the NIFTY plunged to the day’s low of 11185 by aftern…

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Outlook For Wednesday: NIFTY To Stay Largely Range-bound; These Levels Will Have Prominent Reference Point Going Ahead

Tuesday’s session literally saw the markets trading precisely on the anticipated lines. The absence of overnight global cues saw the markets opening on a positive note and getting stronger as the day progressed. At the same time, the NIFTY resisted precisely at the double top resistance point of 114…

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Tuesday Trade Setup: Absence Of Overnight Cues May Aid A Steady Start; NIFTY To Stay Ranged Until It Moves Past This Level

In a volatile, but range-bound session of the trade, the markets consolidated and attempted to find a short-term bottom for itself on anticipated lines. The NIFTY opened positive, but soon slipped in the red in the initial minutes of the trade.  However, after the low of 11251.70 that was marked in …

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Monday Trade Setup: NIFTY Likely To Stay Volatile As It May Attempt To Stabilize; Watch These Levels While Staying Light

The session on Friday saw the Indian markets resuming its downtrend along with the global peers as it opened with a gap down and ended with a deep cut. The markets saw a gap down opening but held the opening lows. Not only did the Index held to its morning lows but showed some significant recovery a…

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Week Ahead: Staying Above These Levels Crucial For NIFTY; RRG Chart Shows These Sectors Continuing To Outperform

In a wide-ranging trading week, the Indian equity markets halted its four-month winning streak. The NIFTY met its important pattern resistance from where it reacted. Over the past five trading sessions, the NIFTY saw a trading range of close to 500-points. Amid volatile moves, it was a time for unde…

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Friday Trade Setup: NIFTY Likely To Continue To Consolidate; These Levels Crucial If Full Throwback Occurs

In a structured day of trade where the option writers controlled the trajectory of the markets, the Indian equities continued to consolidate and ended flat with minor loss. The NIFTY saw a positive opening to the day. However, it marked the day’s high in the very early minutes of the trade. The inde…

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Thursday Trade Setup: NIFTY To Dance To Weekly Expiry Tunes; This Inference Can Be Drawn From F&O Data

Consolidation continued in the Indian equity markets but resolved on a positive note as the benchmark indexes ended on a positive note after spending most of the day in a directionless manner. The markets saw a quiet start to the day and oscillated in a very defined and limited range without taking …

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Outlook For Wednesday: NIFTY To See A Stable Start; Focus On These Sectors To Navigate This Phase

After a terrible start to the week on Monday, Tuesday’s session saw some stability returning in the markets. The NIFTY opened on a positive note and after dipping in the negative zone briefly twice in the morning, ended the day on a decent note. The Supreme Court’s ruling on AGR saw telecom and bank…

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Tuesday Trade Setup: Overstretched Technicals Take Its Toll; This Is What It Can Do To The NIFTY

In a terribly volatile session, the NIFTY made a strong corrective move as it opened high but ended with a deep cut. The markets opened on a positive note and got stronger as the day progressed. After testing a high of 11794.25, the NIFTY witnessed a massive corrective move and came off over 468 poi…

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Trade Setup For Monday: NIFTY To See A Stable Start; Supports Shift Higher As This Gap Is Now Filled

Markets continued with its surge on the last trading day of the week as the Index marched higher as it stepped into a new derivative series. August series had ended on a buoyant note and the September series started on a strong note. The markets opened on a positive note and got stronger by afternoo…

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Week Ahead: Dollar Deluge May Push The Markets Some More; RRG Chart Shows These Broader Indexes In The Leading Quadrant

The Indian equity markets continued its unabated liquidity driven up move and ended the end yet another week with gains. The past five days remained less volatile than expected as the NIFTY remained in a defined range of 275-odd points. The directional move, however, remained unidirectional as the I…

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Friday Trade Setup: This May Lead To Some Consolidation In NIFTY; Focus May Shift To Defensives

Markets spent a range-bound session on the expiry of the current derivative series and ended on a flat note with marginal gains. The NIFTY opened positive and moved higher but marked its intraday high point in the morning trade. After that, the second half of the session was spent in a very narrow r…

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