ET CONTRIBUTORS It was the third week in a row that the markets extended their gains; the NIFTY had staged a breakout when it crossed above the 18880 levels. This has resulted in the NIFTY closing at yet another lifetime high. This has taken the markets into a mildly overbought zone; however, in the process, … Read more
Despite the scale of volatility represented by gaps over the previous days, the Nifty has, by and large, maintained its crucial support levels on the weekly charts. The previous technical note mentioned how the Index has created and maintained its crucial support; it managed to keep its head above these important levels over the previous … Read more
After continuing to rise in an unabated manner for three out of four sessions in a truncated week, the Indian equity markets managed to end on a positive note for the week. But the market witnessed a sharp profit taking bout in the last trading session. From a technical perspective, the most important of the … Read more
The Indian equity markets managed to recover half of what they had lost in the earlier week. Over the past five days, the markets traded largely positive and went on to test the previous support levels that they had violated on their way down. The trading remained just as wide; Nifty oscillated 558.15 points before … Read more
In a week where the trading range stayed narrower than the previous week, Indian equities saw a corrective decline. This was also a truncated week with just four trading sessions, and saw the headline index oscillate in a 375-point range. While the trading range remained narrow, intraday volatility and ranged oscillations remained high. Nifty remained … Read more