Technical Analysis & Derivative Research Reports

Yesterday morning, the global screen was extremely terrible and in line with SGX Nifty, we started the week around the 17450 mark. Surprisingly, after the initial hiccup, we witnessed a v shaped recovery not only to erased losses but also to trade in the green above 17600. However, it could not decouple itself from the …

Since last few days, Nifty was trapped in a small range and finally it managed to find some momentum. The trend is extremely strong but honestly, the current move is not giving us comfort at all. We reiterate that when things start to look hunky dory and there are no signs of correction, market surprises. …

Nifty started the day on a positive note and kept the momentum going to add another 100 points to the ongoing rally and end well above 17600.

We had a flat opening today in line with mixed global cues. Unlike previous sessions, this time Nifty picked up the momentum right from the word go and as the day progressed, it just kept accelerating. In this course of action, Nifty went on to reach yet another milestone of 17500.

Nifty started the day on a positive note and marked a new high of 17438. However, it failed to show a follow up move and gave up some of the gains to end below 17400.

After an extended weekend, Nifty started the day on a flat note, but it witnessed some selling pressure in the first hour of trade. As the index entered sub 17300 level, some buying interest was seen and the index recovered much of the losses and consolidated to end with a marginal loss at 17350.

During the last week, market started on a positive note and without wasting much of a time, Nifty continued with its streak of achieving new milestones. During the first couple of sessions, Nifty clocked back to back fresh highs beyond 17400; but failed to close beyond it on both the occasions. In the latter half, …

We had a flat opening yesterday in line with quiet global cues. However the intraday movement was exactly a replica of Tuesday’s session. After consolidating above 17350 throughout the first half, the index suddenly started correcting post the mid session and within no time, it tested the 17250 mark. Once again the mighty bears came …

The benchmark index started the session with marginal upside gap precisely at 17400. However due to some profit booking in the initial hours, Nifty came off sharply to slide tad below the 17300 mark. Fortunately no further damage done as bulls once again defended the key support and thereafter lifted the Nifty back above the …

Our markets had a pleasant start to the new week owing to favourable global cues. In the course of action, Nifty reached yet another milestone of 17400. However due to lack of follow up buying, the up move got restricted for the day. Market didn’t correct either, in fact it remained in a slender range …

During the last week, we had a bumper opening on Monday at new record highs citing to cheerful mood across the globe. This head start certainly set up the tone for the entire week as markets didn’t look back from thereon. Everyday our benchmark index was making new high and in the process even reached …

Nifty started the session marginally positive and it then crept higher throughout the day to post its highest close at 17234 with gains of almost a percent.