Indecisive street holds the major indices in a tight range for the week, looking for further cues it is still unclear which direction it would resume going forward. Nifty and Nifty bank respecting our supply zones of 12016 and 30641 respectively as mentioned in the last report.
Nifty continuing to be in uptrend holds a key supply zone of 12016 with a stop loss...
Festive season brings out some cheer for the street, inching the indices higher towards their all-time highs. We had few shorts which would have triggered as mentioned in the last report for Nifty at 11839 and the Nifty bank at 29674. It is suggested to strictly follow the zones and have stop losses in place. Some disappointment in numbers pertaining to PMI and...
Bulls seem to be back in the driving seat for the last few sessions of the week. Another drop as mentioned in the last report would have given good opportunity to book profits for the shorts carried forward last week. However the bulls were seen returning after positive triggers from the US China meet as well as the Brexit breakthrough. The final vote for the same...
Another volatile week ends flat for major Indian indices. The Nifty and Nifty bank both ended marginally higher in expectation of some truce between the US and China with regards to trade war. However, the street did give sellers an opportunity to go short as per zones given in last week’s report.
Going ahead Nifty continues to be high on the curve and shorting...
Worrisome street eventually gives up in panic ending the week in negative major indices. Nifty ends 300 points lower while the Nifty bank ends down by 2000 points. As mentioned last week both the indices were our short candidate, seems no respite for the banking sector as RBI too was not able to convince the street. Ideally suggesting there is more panic coming...
Cautiously optimistic seems to be the mood of the street. After a major reform for corporate tax we did see some bouts of optimism, will it be sustained is what is important to be watched in the coming weeks. Seeing a wild swing of almost 300 points on the nifty and 1300 point on nifty bank, it looks the bulls may take a breather or may look for further cues...
Muted week for the street where major indices gave up some marginal gains from the last week. Nifty lost close to 90 points while the Nifty bank gave up close to 140 points. As mentioned last week the bulls did end up showing demand for the Nifty around 10899 levels and the Nifty bank from 27741 zone. However it seems the street is still watching out for some real...
Finally the bulls seem to be having their way after weeks of mayhem on the street by the bears. However if this is for real or no would be a crucial point to watch in the coming week. The Nifty and Nifty bank bounced back from demand zones of 10863 and 27840 respectively, as mentioned in the last report. Intervention from the government helped the Indian markets,...
The street seems to be grappled well within the control of bears as there is no respite for the bulls since the last 2 weeks. Every opportunity on the higher sides seems to be taken by the bears to enter a fresh short in the market. Nifty as well as Nifty bank have shed more than 400 and 2000 points respectively. Taking a hawk eyes view it would be important to...
Budget week ends with a muted reaction on the streets. As anticipated the Indices moved well within the defined range of demand and supply zones. As mentioned last week Nifty reacted from the supply zone of 11959 and ending around more than 100 points lower. Nifty bank too saw selling coming in at 31512 levels and giving a gain of almost 400 points. Therefore the...
A tough fight between the bulls and the bears leaves the street hanging to decide on a clear direction. Major indices respecting the demand and supply zones and moving between the consolidated ranges, suggesting the markets awaiting some clear cues before it continues following its direction. As mentioned last week Nifty played out both the zones by respecting the...
