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Despite the markets showing a sharp surge, the pullback can be deceptive as it has come on the back of heavy short-covering as evident from the F&O data. Large call writing was seen at 11950 and 12000 strikes; the 12000 strike holds maximum Call OI followed by 12250. The level of 11800 has highest Put OI. The declined further as the INDIAVIX cooled off further by...

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MARKET OUTLOOK FOR TUESDAY,APR 17, 2018 A remarkable resilience was put on display by the Indian Equity Markets on Monday as the Index opened lower, recouped all of its losses by afternoon and ended with gains. The NIFTY closed the day gaining 47.75 points or 0.46%. In our previous note, we had expected the Markets to put up a resilient show. However, this...

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Professional Technical Analysts often argue if you know your Charts well, you can see much beyond the price. It is sometimes wonderful to see that even if one is not completely aware of the fundamental inputs; Market Participants know it all and it all gets discounted in the price. In other words, Charts reflect all. The fundamentals picture, the psychology and...

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Qualifies for a swing trade. Accumulation seen in the 520-545 zones. MACD is in continuing buy mode.The RSI, which never got oversold is marking higher bottoms and is seen breaking out from a formation. Bullish divergence is seen against the price. Stock likely to end above 200-DMA. Modest up move in coming days cannot be ruled out.

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M&M breaks out of a pattern, shows a classical throwback. It inches up higher again and likely to confirm the breakout over coming days. RSI is seen breakout out of a formation. OBV forms a new high which is bullish. Bullish divergence on RSI is observed on both Daily and Weekly Charts.

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After deliberating in the first half of the session, the NIFTY attempted to move past its 50-DMA and 200-DMA and inch higher. The Markets ended in the green for the six day in a row with the NIFTY gaining 41.50 points or 0.40%. The Markets saw a brief consolidation near the 50-DMA and the 100-DMA mark which remain in extremely close vicinity at 10413 and 10444...

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Gold set to move past 1370. Break above 1370 will imply breakout from a large trading range. High probabilty of a breakout as OBV has already formed a fresh high Fresh positive MACD crossover on Weekly Charts; Daily MACD remains in continuing buy mode RSI is seen forming higher bottoms and is seen breaking out of a formation and inching higher.

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The stock has been under protracted downtrend after testing highs at 1124. After remaining in a falling channel for over six months, a potential base has been formed in the 800-840 zones. The stock ended above its upper Bollinger band some time back indicating further potential for an upside. With bands being 40% narrower-than normal, the possibility of a sharp...

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While continuing its uptick for the fifth day in a raw, the Indian Equity Markets ended yet another day with NIFTY seeing minor gains of 14.90 points or 0.14%. Markets have exhibited extremely positive underlying intent as it recovered from the low point of the day. However, they have continued to resist to the 50-DMA and 100-DMA values which remain in extremely...