Technical Report: Derivative Research Report

The last three days’ price action suggests a lack of conviction at higher levels, and hence every time we move closer to the higher range, the market starts getting nervous. The benchmark index Nifty50 stayed under pressure from the initial hours and gradually descended to test the 16000 mark. A brisk recovery from the 16000 …

Weak Asian cues led to a timid start to our domestic market, wherein the benchmark index tumbled in the initial hours. The Nifty50 index kept hustling in a slender range for most of the session and witnessed a lackluster day of trade. The correction was aggravated by the fag end that dragged the Nifty below …

The Indian equity market started the day with high volatility at the opening bell, led by mixed global cues and domestic macro developments over the weekend. The benchmark index Nifty50 soon collected optimism and progressed upwards to test the crucial resistance zone of 16400 odd levels. Though in the latter half, the momentum depleted as …

Our markets witnessed many twists and turns during the last week and on Friday the activity started with yet another gap; but this time it was fortunately on the higher side. This pleasant surprise picked up its momentum as the day progressed, to conclude the week convincingly above the 16200 mark.

We started the proceedings on Monday on a positive note despite sluggish global cues. In the initial hour, the gains extended to move towards the 16000 mark. Similar to recent trend, the profit booking took place at higher levels to erase all gains around the midsession. Although market recovered slightly thereafter, the overall movement was …

Yesterday’s opening was painful as Nifty opened lower with nearly 300 points due to massive overnight sell off in US bourses. This has certainly caught lot of momentum traders on the wrong foot who had carried over their longs after Tuesday’s sharp rebound. Barring negligible bounce in the initial trades, the index kept decelerating downwards …

Tuesday’s massive rally was followed by yet another gap up opening with modest gains. We clearly shrugged off the global cues as the SGX Nifty was indicating a sluggish start in the morning. In the initial trades, Nifty extended its gains towards 16400, but failed to sustain at higher levels. Around the midsession, Key indices …

The global trading screen early in the morning was pleasant and as a result, our markets started with a modest upside gap slightly above 15900. However, the momentum accelerated as the day progressed across the heavyweight spaces to send Nifty comfortably beyond 16250 on a closing basis. Unlike recent sessions, the upward rally was here …

Trading for the week started on a pleasant note despite sluggish global cues. In the initial hour, the gains extended to move towards the 16000 mark. Similar to recent trend, the profit booking took place at higher levels to erase all gains around the midsession. Although market recovered slightly thereafter, the overall movement was quite …

On Friday, we started off significantly higher on the back of global relief; but once again our market failed to sustain at higher levels and eventually erased all gains in the latter half. With this, Nifty once again lost nearly 4% on a weekly basis.

Monday’s session started on a nervous note as global sentiments remained nervous over the weekend. The index remained in a range throughout the first half of the week and despite some challenges, Nifty managed to hold 16000 on a closing basis. However, on Thursday, the banking finally succumbed to the sell off, leading Nifty below …

The Indian equity market tumbled, tracking the global bourses, wherein the benchmark index Nifty50 plunged below the psychological mark of 16000 from the start of the session. The weakened macro factors have dampened the overall sentiments as we witness the relentless selling pressure in the equities. The index concluded the day in red with another …