Technical Report: Derivative Research Report

Positive developments in global markets contributed to a strong start for our domestic indices. The benchmark index opened with a gap up, surpassing the bearish gap seen in the daily chart. However, it was unable to sustain its position at these elevated levels and eventually retraced to fill the intraday gap. Despite experiencing some fluctuations …

The Indian equity markets appear tentative, lacking clarity in trends over the last couple of trading sessions. The benchmark index experienced a narrow range of just 150 points, characterized by some choppy movements, ultimately settling on a subdued note around the 23200 zone.

Indian equities experienced a brief respite following the turmoil of the previous session. As indicated by developments in GIFT NIFTY, the benchmark index opened the day on a positive note, gaining around 80 points. However, trading remained lackluster with narrow and limited movements throughout the day. Ultimately, the Nifty50 index closed with a modest increase …

The weakness in global markets and continued selling pressure in our domestic markets resulted in a gap-down opening for the new week. The benchmark index fell below the low set in November, reaching a 7-month low of 23047. The bears clearly dominated the session, with the Nifty index concluding a tad below the 23100 zone, down nearly 1.50 …

It was a challenging week for bullish traders as the broader market continued its downward slide without any relief. The sell-off began on Monday, driven by disappointing business updates from banks and rising concerns over the HMPV virus. This set the tone for the week, with bearish momentum intensifying, the benchmark index ended the week …

It was a challenging week for bullish traders as the broader market continued its downward slide without any relief. The sell-off began on Monday, driven by disappointing business updates from banks and rising concerns over the HMPV virus. This set the tone for the week, with bearish momentum intensifying, the benchmark index ended the week …

On the weekly expiry day, the Nifty opened on a mildly negative note and gradually slipped lower through most of the session, showing no significant intraday recovery. In the final hours, prices stabilized around Wednesday’s low of 23496, eventually closing at 23526, down by 0.69%.

Nifty began the day on a flat note in the absence of any significant trigger. However, weakness in midcap and small-cap stocks dampened overall sentiment, dragging the benchmark index below Monday’s low of 23550 and testing 23500 levels. Fortunately for the bulls, the second half brought some respite as prices recovered most of the morning losses, ultimately closing with …

After Monday’s steep sell-off, the Gift Nifty displayed a mildly positive tone, which set the stage for a stable start for the benchmark index, Nifty. Following the opening, the index traded within a narrow 100-point range, eventually closing slightly above its opening levels, gaining 0.39%, and settling a tad above the 23700 mark.

The week began on a mildly positive note for the benchmark index. However, as the day progressed, persistent weakness in the banking sector dragged the Nifty lower. In the second half, a broad-based sell-off breached key support levels effortlessly. Eventually, Nifty closed with a loss of 1.62%, a tad above 23600.  

Our markets did not have a great start for the week but certainly the New year kicked in with a lot of hopes and buoyancy, especially on Thursday. Nifty not only managed to defend the 23500 mark but went on to challenge the key intermediate resistance of 24200 – 24300. However, with some sluggishness on Friday, the Nifty …

Our markets did not have a great start for the week but certainly the New year kicked in with a lot of hopes and buoyancy, especially on Thursday. Nifty not only managed to defend the 23500 mark but went on to challenge the key intermediate resistance of 24200 – 24300. However, with some sluggishness on Friday, the Nifty …