Author: Trading Calls - Equity

Representative image The Nifty50 continued its stellar rally for the second consecutive session on February 2 as the index gained over 2.5 percent following the pro-growth Budget announced by the government on February 1. The rally was seen across-the-board, barring FMCG. The index formed a bullish candle on the daily charts as closing was higher […]

The Nifty50 rebounded sharply with a 5 percent gains on February 1 snapping the six-day losing streak as investors cheered Budget proposals made by Finance Minister Nirmala Sitharaman. The stellar rally was driven by banking & financials, auto and metals stocks. The index closed decisively above 14,200 levels and formed a large bullish candle which resembles […]

Rise in India VIX also has raised caution. Thus, deterioration in futures landscape and sentimental indicators at this height advocates a hedge in Nifty via Modified Put Butterfly Shubham Agarwal February 01, 2021 / 07:57 AM IST Market Nervousness among the market participants was clearly seen in Indian equity market, as Nifty saw a pull […]

The entire bullish view negates on a breach of the immediate support zone and in the case of BPCL, we will consider Rs 355 as a stop loss level. Shabbir Kayyumi January 30, 2021 / 06:11 PM IST BPCL (Image: Reuters) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] […]

Shubham Agarwal Can India have a GameStop re-run? Yes. Short-squeeze is nothing new to any market, it happens daily, though the quantum may not be as high as that of GameStop. What leads to GameStop-like price moves? Hedge funds short stocks with weak valuations by borrowing shares from the market to benefit from a correction […]

The Nifty 50 started off the February series on a weak note and fell for the sixth consecutive session on January 29, as traders remained cautious in the penultimate session ahead of the budget that will be presented on February 1. Auto, FMCG, IT, metal and pharma stocks pulled the market down. After opening higher […]

The Nifty50 remained under selling pressure throughout session and finally lost nearly 2 percent on January 27, thus continuing its downtrend for fourth straight day. Banking and financials, auto, metals and pharma stocks were hit hard. The index closed below the psychological level of 14,000 for the first time in January, ahead of the expiry […]

The Nifty50 traded lower for the major part of the session amid volatility and fell sharply for the third consecutive session on January 25. Weak global cues and reports of Indo-China border skirmish weighed on sentiment. The Nifty50 opened higher at 14,477.80 and hit an intraday high of 14,491.10 but turned volatile with a negative […]

Nifty has formed outside bar formation on the weekly chart and traded in the zone of 14,300-14,750 during the last few days. Shabbir Kayyumi January 25, 2021 / 10:29 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] […]

After many weeks of strong run up, Indian equity market saw some amount of nervousness in this week after 8 consecutive weeks of maintaining positive momentum in the market. Nifty gyrated in range of 14,250-14,750 level. The week started on negative note with a percent of loss in first day. After that buying was seen […]

RSI stands for Relative Strength Index. It is a momentous oscillator used to identify trend reversal. RSI was invented by Welles Wilder Jr. The default look-back period for RSI is 14, however this can be lowered to increase sensitivity or raised to decrease sensitivity. RSI calculates strength of stock trend and helps to predict their […]

Private banks have a bigger weight in the Bank Nifty basket and are acting as an antagonist for the bulls. Pritesh Mehta January 23, 2021 / 12:14 PM IST The Nifty was on a roller coaster, marking a low of 14,223 and a peak of 14,754 during the week. Such whipsaw moves in a short […]

Market Shubham Agarwal We have seen a spectacular rally in the last few months. The pullbacks have been less fierce after each up move. It is not unusual after such a rise to miss a few aggressive moves (eg creating longs after a strong rally). Previous moves have, however, shown that the stocks and indices […]

The Nifty50 extended losses amid weak global cues and closed more than 200 points down on January 22, forming a bearish candle on the daily charts as closing was lower than opening levels. Banking & financials and metals pulled the market down. After opening flat at 14,583.40, the Nifty hit the day’s high of 14,619.90. […]

The Nifty50 hit a fresh record high amid positive global cues on January 21 but failed to hold on to the gains due to profit booking in the last hour of the trade. The index fell below 14,600 and formed a bearish candle that resembled a Dark Cloud Cover pattern on the daily charts. All […]

Representative image The Nifty50 extended rally and hit a fresh record high on January 20, led by positive global cues and better-than-expected quarterly earnings so far. Auto, IT, Metals and PSU Banks supported the market. The index recouped all its previous three-day losses in two consecutive sessions and formed a bullish candle again on the […]

The Nifty50 opened higher and then extended gains and recouped more than half of last two-day losses to close near day’s high on January 19. Positive global cues and buying across sectors led the rally. The index formed bullish candle on the daily charts as closing was higher than opening levels, after two back-to-back bearish […]

The Nifty50 fell sharply for the second day running due to selling pressure and lost more than 150 points on January 18. The correction was seen across sectors, with the Nifty metal falling the most with a 4 percent loss. Bank, financial services, auto, IT, realty and pharma indices were down 1-3 percent. After opening […]

Overall Nifty is trading with bullish bias and it has a potential to trade towards 15,000 unless it gives closing below its 5-week SMA and last week’s low standing around 14,350. Shabbir Kayyumi January 18, 2021 / 12:15 PM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = […]

The market started the week on a very optimistic note, however, towards the end of the week, the momentum fizzled out and it snapped most of the gains of the entire week on Friday. It witnessed a tug of war like situation between the bulls and the bears, both made their share of attempts to […]