Technical Report: Derivative Research Report

Yesterday morning, the global screen was extremely pleasant as there was some relief with respect to recent developments. Our markets started the session on a positive note and after some midsession hesitancy, the buying resumed in heavyweight pockets like banking and RELIANCE. In fact, the momentum accelerated towards the latter part of the day to …

Despite SGX was indicating a sluggish start, our markets opened marginally in the red. However, without wasting much of a time, the selling resumed across the broader market. The Nifty kept on sinking to not only slide below 17000 but also went on to challenge the Thursday’s low of 16850. Fortunately, some buying emerged after …

Our market started the week on a bleak note taking cues from the weak global bourses, wherein the benchmark index slipped below the 200 SMA and dented market sentiments. Nifty remained under pressure throughout the week, clocking new lows in the current calendar year till the day of weekly expiry. However, a modest recovery was …

The Indian equity market had a volatile day of trade, wherein the benchmark index Nifty50 started on a bleak note and slipped to the low of 16850. But soon after, some resurgence was seen at the lower grounds, which led to a modest recovery and the index snapped its losing streak. Amidst the intense tug …

The positive development in the overseas market led to a promising start to our Indian market, wherein the benchmark index had a decent gap up opening. But soon after the opening bell, the index gradually slipped to test the previous days’ closure, trimming down all the initial gains and sentiments. Also, by the fag end, …

The Indian equity market started the day on a strong note, wherein the benchmark index retested the 17500 zone within minutes after the opening bell. However, it appeared to be a false momentum as the index took a U turn to pare down the early gains and gradually nosedived into negative terrain. Amidst the hustle, …

On Friday, SGX Nifty was indicating a gap down opening and in line with this, our markets had a big gap down opening. As the day progressed further weakness was seen to retest sub 17350 levels. Eventually after some respite, Nifty ended a tad above 17400 with a weekly loss of a percent.

Following the strong closing of the previous week, we had a spectacular start to the week with a gap-up opening. The positive momentum continued to retest 17800; however, ahead of the mid-week holiday, some profit booking was seen at higher levels. In the following trading session, despite a bleak opening, the bulls remained in commanding …

Our markets witnessed a marginally positive opening, however right from the word go prices started to slide lower forming an open high kind of scenario. During the midst, there was a mild bounce back that was inferior to the Bank Nifty. Eventually, this bounce as well got sold into as one more round of profit …

The US markets reacted negatively to the remark of the FED Chairperson on the rate hikes and taking cues from there the SGX Nifty indicated a weak opening. In line with this, our markets had a gap down opening however post the initial hiccup there was a gradual bounce back to recover the lost ground. …

We kickstarted the week on a strong note taking favorable global cues into a consideration. In the initial hour, the move extended to reach the 17800 mark. However, the traders chose to take some money off the table at higher levels, which resulted in a gradual decline throughout the remaining part of the session. Eventually, …

Our market started the week on a bleak note taking cues from the weak global bourses, wherein the benchmark index tested the Budget day’s swing low and dented market sentiments. Nifty struggled near the 200 SMA throughout the week until the last session, when a robust recovery was seen in the broader market space. Eventually, …