Analyzing India

October 2020

Analyzing India

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Is the Indian Market Facing an End of the "Risk-On" Environment Along with Other Emerging Markets? These 3 Charts Tell a Story

by Milan Vaishnav

The first quarter of this CY 2020 was quite a disaster for the equity markets... Read More 

Analyzing India

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Week Ahead: NIFTY to Have Difficult Time Moving Past This Zone; RRG Chart Paints a Tricky Picture

by Milan Vaishnav

While trading on expected lines, the Indian equity markets did not make any major directional moves and consolidated in a defined range. The NIFTY did not move past the previous week's high point and consolidated while resisting to that level... Read More 

Analyzing India

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Week Ahead: NIFTY to Stay Largely Rangebound; RRG Charts Show No Improvement in This Group

by Milan Vaishnav

The market action in this week fared precisely on the anticipated lines. In the previous weekly outlook, we had mentioned the markets were firmly placed but, at the same time, staying overstretched on the short-term charts... Read More 

Analyzing India

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Week Ahead: NIFTY at Crucial Resistance Zone; RRG Chart Suggests Staying Highly Sector-Specific

by Milan Vaishnav

The week that went by remained firmly on the expected lines. In the previous weekly note, we had mentioned that the markets may push themselves higher amid increased volatility. The NIFTY indeed closed higher following a strong move, while the volatility also spiked... Read More 

Analyzing India

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Time to Enjoy the Hospitality Of This Stock for the Medium Term

by Milan Vaishnav

The Indian Hotels Company Ltd (INDHOTEL.IN) This hospitality stock has formed its bottom in June and is in the process of confirming it by moving past the crucial 200-DMA, to which it has presently resisted... Read More 

Analyzing India

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Is This Sector Set to End its Underperformance?

by Milan Vaishnav

Nifty Financial Services Index ($CNXFIN) The NIFTY Financial Services sector seem to have ended its short-term underperformance. The Index has broken out from a falling channel and has formed a gap, which indicates greater push to the upside... Read More 

Analyzing India

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Week Ahead: NIFTY May Try to Push Higher Amid Increased Volatility; RRG Chart Says These Sectors May Start Making Moves

by Milan Vaishnav

The week before this one was quite eventful, as the NIFTY tested all its crucial supports on the daily and weekly charts. The past week saw the NIFTY respecting few crucial support levels on the higher timeframe charts and showing a technical pullback... Read More