Author: Trading Calls - Equity

Shubham Agarwal Finally, after breaking away from a few months’ trading range, we saw a positive end to the wait. The reaction on the upside has broadened the horizon further for the indices as they were pushed into uncharted territories. While the break on the positive side is encouraging, rationally, it does bring fear into […]

On a volatile day of trade, the Nifty went past 16,300 for the first time on August 6 but only to slip in the red as the RBI shared its monetary policy outcome that was in line with expectations and offering little to the market, said analysts. The selling in banking & financials and index […]

The Nifty gained strength amid volatility in the afternoon and extended gains to hit a fresh record high intraday on August 5, driven by FMCG, IT and metal stocks. Selling in select banks and auto stocks limited the upside. The index formed a Doji pattern on the daily chart as the closing was near the […]

The Nifty extended gains for a third consecutive session to close in on the 16,300-mark as it ended at another high on August 4, backed by upbeat global cues and strong buying in banking & financial sector. The index formed a bullish candle on the daily charts as the closing was higher than the opening […]

The Nifty finally broke out of its almost 400 point range of the last two months in style as it zoomed past the psychologically important 16,000-mark to end at a record closing high on August 3. All key sectoral indices, barring metals, closed in the green. Healthy June quarter earnings with management commentaries suggesting an […]

The Nifty50 started the week on a strong note to close more than 100 points higher on August 2, as all sectoral indices ended in the green with auto and IT emerging as the big gainers. The index opened more than 100 points up at 15,874.90 and remained in the range on the higher side. […]

The Indian equity market saw another month of consolidation in July as Nifty showed the lowest change in July in the last 10 years. The benchmark index touched its all-time highs of 15,967 only to see profit-booking at a higher level. Last week, we witnessed huge volatility as Nifty again slipped towards 15,500. But it […]

Indian equities have witnessed a lull over the last three months. There have been some movers and shakers within the market, but largely, the broader indices have been overwhelmingly quiet for the last few months. As the saying going goes, the longer the lull, the bigger the move that follows it. Hence, expecting a big move may not be […]

The Nifty erased all the gains of the session in the late trade to close lower on July 30, forming a shooting star pattern on the daily chart. Select banking & financials and metals stocks weighed on sentiment, while auto and pharma stocks rallied. During the week, the index fell 0.6 percent and made a […]

Representative image The Nifty traded higher and remained range-bound amid volatility throughout the session on July 29, forming a small bullish candle on the daily charts. Metals led the charge with a 5 percent rally, followed by IT with 1.4 percent gains. Select banking and financials also gained but the selling pressure in FMCG and […]

The Nifty50 managed to recoup some losses in later part of session but overall remained in favour of bears on July 28, as banks, auto, and select pharma stocks witnessed selling pressure. The index formed Hammer kind of pattern on the daily charts. Experts expect further selling pressure in the Nifty50 if it breaks 15,660 […]

In a volatile session, the Nifty wiped off all the day’s gains in the afternoon to fall sharply before narrowing the losses to half a percent at the close on July 27. All sectoral indices, barring metals and PSU banks, closed in the red. The index formed a bearish candle on the daily charts as […]

The Nifty50 remained volatile throughout the session and ended a tad lower on July 26. Select banking and financials, auto and FMCG stocks pulled the market lower, while buying in IT, metals and pharma stocks limited the downside. The index formed a bearish candle on the daily chart as the closing was lower than the […]

In the week gone by, indices – Nifty and Bank Nifty – were struggling to inch higher as we have witnessed series of gap ups and gap downs this week. Nifty during the week gyrated in broader range of 15,900—15,600 and ended the week with marginal loss of 0.57% along with OI (open interest) up […]

Nifty has been consolidating in a range of 350 points since the last month and a half, with volatility slipping to new lows. A formation like this is generally followed by a breakout on either side. Here’s how you can go about it. The Forecast Traditionally, traders have spent a lot of effort in deciding the […]

Nifty50 After a positive start, the Nifty remained volatile in the first half but gained momentum later in the day to end higher for the second straight session on July 23. The Nifty formed a Doji candle on the daily scale and a bullish hammer pattern on the weekly chart, which indicates that declines were […]

The Nifty50 started on a healthy note and remained in positive terrain throughout the day, erasing most of the losses of the last two sessions on July 22. The Nifty formed a bullish candle on the daily scale and negated its lower high-lower low formation of the previous two sessions. Traders will be better off […]

Representative image The Nifty50 opened lower and remained under pressure throughout the session, extending losses for the third straight day on July 20. Banking & financials, metals, pharma and auto stocks pulled the market down. The index formed a bearish candle on the daily charts as the closing was lower than the opening level. Experts […]

The bears were in control of the Nifty50 and closed a percent lower on July 19, due to selling in banking & financials, auto, metals, and select IT stocks. The index formed a Doji pattern on the daily charts as the closing was near its opening levels. A Doji candle indicates there is some indecisiveness […]

India VIX, the fear gauge, rose nearly 7 percent from 12.09 to 12.96 over the week gone by. India VIX is trading near the lowest level of the pre-COVID crash. Considering the consolidation in Nifty and in India VIX, this week can be approached with a low-risk strategy Shubham Agarwal July 19, 2021 / 07:32 […]