The markets continued their unabated upmove. Following a strongly trending week, the Nifty not only ended at a fresh lifetime high, but it also closed with gains for the sixth consecutive week. The markets piled up decent returns despite some signs of consolidation in the second half of the week. The last two days were … Read more
Following a strong consolidation in the week before this one, the markets finally staged a decisive rally over the past four sessions of the truncated week. The benchmark index Nifty50 surged in all four sessions; it went on to move past the previous lifetime high of 20222.45 and managed to end at a fresh all-time … Read more
ET CONTRIBUTORS In the choppy and truncated trading week, the markets extended their gains with some spurt in the volatility as well. In three out of four trading sessions, the Nifty index moved higher. In the previous technical note, it was categorically mentioned that the Nifty has achieved a full throwback by retesting the original … Read more
In line with what was anticipated in the previous weekly technical note, the Indian equity markets witnessed profit-taking bouts from higher levels along with spikes in the volatility that is hovering around one of its lowest levels of recent months. ET CONTRIBUTORS It was also expected that the current uptrend might stand disrupted and the … Read more
Low levels of VIX makes the market vulnerable to violent profit-taking bouts at higher levels. And precisely on those lines, the Indian equities saw corrective bouts through the week, with VIX spiking higher on such occasions. The trading range expanded on anticipated lines as Nifty oscillated in a 499-point range over the past five sessions. … Read more
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
This was the second week in a row when the markets delayed their breakout and continued to flirt with the key levels. Nifty50 index stayed above the crucial supports but failed to break above the important resistance zone. The trading range also remained narrow as the index oscillated in a 246.30-point range before closing on … Read more
The uncertainty around the US Debt Ceiling remained as the US markets awaited some deal but stayed largely buoyant. Amid strong setup, the benchmark index closed near its crucial levels while posting a decent weekly gain of 295.95 points (+1.63%). We enter a “decisive” week; going by the technical setup on the charts, markets may … Read more
After rising for three weeks in a row, the Indian equities took a breather as they ended the week on a negative note. There has been a slight divergence between the Indian and global markets. Structurally speaking, SPX and other key European indices like DAX look stronger than Nifty. However, it can be said that … Read more
ET CONTRIBUTORS The previous week remains a technically damaging one as the Nifty violated a few important supports while closing on a negative note. The volatility too increased. This was though on the expected lines. The past five days also saw the global markets dealing with the collapse of SVB. The negative sentiment was seen … Read more