If you recall last week I had mentioned, “…. It is therefore obvious that retail money needs to come back big time for the markets to get into a bullish stride once again.” Another redeeming factor has been the slow but steady recovery in the midcap space that was missing for a while. While we need to really see more momentum kicking in to take these indices higher, the trends seen last week has lent some color to the sentiment. Mid-cap index is closer to the breakout zone and should be checked first for some market action.
Sensex / Nifty Future
Sensex / Nifty Future
Live Sensex / Nifty Future Tips: Free Live NSE/Nifty Future Price Charts, Tips today – Sensex / Nifty Future Tips, Bank Nifty Future forecast Today, BANK NIFTY, Nifty50, NSE, BSE, Sensex, Nifty Future, Bank Nifty Future, India, National Stock Exchange, Bombay Stock Exchange, Future & Option.
Nifty Week Technical Report: Weakness Ahead For Next Week
Nifty Week Technical Report: In the last week’s article, I had alerted readers about the risk that was present (mainly from global factors) for the trends. In fact, an earlier letter was titled ‘The Narrative Is Shifting’ where I had mentioned that the undertone of the market was changing ever so slightly. I followed that up with another alert in the article a couple of weeks ago, ‘Targets Met And More’, where I had mentioned that the Nifty topping time zone as Sept. 13. Of course, these were alerts for those with long positions to be vigilant, and in the last week’s letter I had also mentioned that in the event the market turned a bit soft, long-holders should lighten up on their commitments. On the make-it-or-break-it matter, the market seems to have chosen to, well, not make it so far.
Nifty This Week In Technical Charts: Bigger Trends At Make-Or-Break Stage
Event of the week was the all-time new high reached by the Bank Nifty. A couple of months ago, the Bank Nifty was trailing the Nifty by a goodly margin but has made great strides to pip the Nifty to the tape of hitting new highs. That is a remarkable comeback by the financial sector and here the effort was shared in good measure by private and public sector banks as well as financial stocks.
Nifty Poised For Bull Rally To 18,000-24,000, Say Two Technical Analysis
India’s Nifty 50 index has emerged from lows and is set for a rally that may go beyond 18,000 levels to as high as 24,000, according to technical analysis projections of two brokerages.
Sensex, Nifty Close Little Changed In A Volatile Session
Sensex / Nifty Future Forecast: India’s stock benchmarks closed little unchanged in a volatile session as gains in capital goods and industrials stocks were offset by losses in energy, oil and gas and metals.
Nifty Weekly Forecast: Inflection Point Coming Up
Nifty Weekly Forecast: Even though no one wanted it, everyone was waiting for it! The dip, I mean. Friday’s trading confirmed the fears that most were harbouring, that the market was ‘due’ for a decline. As though it was some train that had got delayed or something. So, when it showed, everyone was, like, ‘I told you so’. Now, will come the next set of comments, predictions, new questions etc. But before all that, let’s just take a look at what has transpired so far during the week. The first chart details the intra-week move.
Nifty 50 May Hit Target Price 18,400 By August-End
Nifty 50 Forecast: India’s benchmark stock index Nifty 50 may rally to 18,400 by August-end on improving macro events, according to technical analyst Gautam Shah.
Nifty Weekly Forecast: Above 16900 Target 17400—17800 [Buy on Dips]
Nifty Weekly Forecast: Unlike the earlier week, this one was a lot more ranged. But as the index managed to tick a bit higher, people didn’t really mind that it ranged. So long as the overall bias was maintained to the upside, most people are happy. When people are happy, the breadth widens and participation increases.
Nifty Weekly Forecast: Very Soon Hitting Resistance Zones
There shall be no disagreement about how the market performed last week. It has been a long time since we saw a whole week of advances. Look at the layout on the intraday chart of the move in the first chart. A straight rise with big gaps in favour of bulls. Those helping hands were from overseas events of course. But who is complaining? Not me, for sure!
Nifty Future Weekly Technical Forecast [16-07-2022]
The week ended was a disappointment after the strong showing of the earlier week. We finished that one well but could not see any follow-through price action in this one. You can attribute it entirely to the goings-on in the United States market. Suddenly, it seems that everyone has made U.S. inflation our problem. Reminds me of a line I read recently, ‘the Dollar may be ours but the problem is yours’ said someone out of the US, and no truer word was spoken! The Dollar Index charged up to 20-year highs, decimating many a global currency in its wake, one of which was our very own Rupee.