After posting decent gains in the week before this one, NIFTY chose to consolidate this time just below the key breakout levels. In the last five sessions, the markets stayed devoid of any direction throughout, consolidating just below key resistance and breakout levels. However, given all this consolidation in the markets, the trading range remained...
After taking a brief breather last week, the Indian equities extended their up move this time. After trading buoyant and with limited downsides all through the last five sessions, the headline index ended on a decently positive note. The Nifty oscillated in a 329.70 points range and while it ended towards its high point, the...
After rising three weeks in a row, the Indian equities took a breather, ending the week on a negative note much on the anticipated lines while resisting the key levels. There has been a slight divergence between the Indian markets and the global markets. Structurally speaking, SPX and other key European Indices like DAX look...
There is a compelling argument for a possible change in trend direction for VALIANTORG.IN. The stock has a relatively brief listing history on the NSE. However, upon analyzing the weekly chart, it appears that after a significant decline, the stock might be in the process of reversing its trend. VALIANTORG.IN became listed on the NSE...
VIX rose through the week, and so did the NIFTY. Over the past five sessions, the Indian equity markets continued to inch higher, showing a lot of resilience, and ended with a modest gain over the week. Over the past several weeks, the persistently low levels of VIX have remained a concern; this volatility gauge...
In the previous edition of the technical note, it was mentioned about the persistently low levels of INDIAVIX, the volatility gauge, and how it can leave the markets vulnerable to profit-taking bouts. The week that went by saw the first cracks appearing in the frontline indexes that may have put an intermediate top in place...
After ending with gains for three weeks in a row, the markets took a breather this time by ending modestly in the red. In the previous technical note, it was mentioned that the Nifty is not only over-extended on the shorter timeframe charts; the VIX is also hovering around one of its lowest levels seen...
In a week that was shortened by Good Friday, the Indian equities extended their gains as they moved above crucial resistance points. The Nifty had a strong and positive previous week but it had halted its up move near important resistance levels. Over the past four sessions, the index managed to move past those levels...
The markets had a positive weekly closing; despite the truncated week with just four trading sessions, the NIFTY registered decent gains. Over the past many sessions, the markets were unable to take any major directional calls; however, this week saw the markets rebounding from the lower edge of the trading zone on the back of...
It was a volatile but largely quiet week for the markets. Over the past five sessions, the markets were able to defend their opening lows and were trading flat until the last trading day of the week. The negative closing of the last trading day saw the markets ending in the negative on a weekly...