Nifty Trade Setup

What seemed like a perfect technical pullback day for the market on Friday turned disappointing as Nifty gave up all its gains to close the day on a modestly negative note. After a positive start to the day and after an initial blip, the…

Friday was a strong and trending day for the domestic equity market as headline index Nifty opened on a quiet note but trended higher during the day to end with a decent gain. Following a modestly negative opening, Nifty soon crawled…

Indian equities halted their five-day corrective decline on Tuesday as benchmark indices staged a strong pullback while ending with gains. Nifty50 opened weakly and traded over 250-odd points down in the initial trade. However, after…

Indian equities saw a corrective decline for the fourth day in a row as Nifty50 ended Friday's session with a loss. After opening on a negative note, Nifty50 remained in the red for the entire day. Friday's morning session saw markets trade…

It was a classic day of consolidation for Indian equity markets on Friday, as Nifty50 took a breather, consolidated its gains, and ended the session with a modest gain. After opening on a strong note on Friday, Nifty50 climbed to mark the…

In the previous technical note, it was mentioned that the Nifty is likely to stay ranged on the expiry of the current month derivative series. The markets turned out to have traded exactly on the anticipated lines. The Nifty opened…

It was a day of range-bound movement and consolidation for Indian equity markets as Nifty50 stayed in the defined range and ended the day with a minor loss. Nifty50 saw a quiet start to the day; it soon got stronger and went on to mark the…

Indian equity markets saw a fairly stable session on Tuesday as they opened higher and ended the day with a decent gain. On the anticipated lines, Nifty50 saw a positive start to the day. Although Nifty50 traded in a defined trajectory, it…

The Indian equity markets got a very shaky start to the day as they opened lower on Monday, but eventually spent the rest of the session recovering and ending the day with gains. The markets saw a gap-down start, Nifty50 formed its low…

In the previous technical note, it was mentioned that headline index Nifty faces resistance in 17,150-17,200 zone in form of its short-term 20-DMA as well as a small pattern trend line. It was imperative for the index to move past this zone…