Analyzing India

January 2021

Analyzing India

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Week Ahead: Markets Approaches Union Budget on a Relatively Lighter Note; Prefer These Sectors for a Better Risk-Reward Proposition

by Milan Vaishnav

In what remained one of the worst weekly and monthly performances in recent times, the Indian equity markets witnessed heavy profit-taking throughout the week... Read More 

Analyzing India

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Truncated Week Ahead: NIFTY to Continue Profit-Taking at Higher Levels; RRG Chart Shows Sectors Sharply Paring Relative Momentum

by Milan Vaishnav

In the previous week's note, it was mentioned that the markets have shown first signs of fatigue as they marked the high point of 14653. This was the point where profit-taking bouts emerged... Read More 

Analyzing India

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Week Ahead: NIFTY Eyes Some More Consolidation; RRG Chart Suggests This Group Likely Ending Relative Underperformance

by Milan Vaishnav

Although the Indian equity markets extended their weekly gains, they showed the first signs of impending broad consolidation, spending much of the last three days correcting from the higher levels... Read More 

Analyzing India

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Week Ahead: Buoyant NIFTY Stays Prone to Profit-Taking Bouts; RRG Chart Highlights Importance of Staying Selective

by Milan Vaishnav

In a week that was a bit more volatile than the previous one, the Indian equities continued with their up move, ending once again on a lifetime high point. The trading range also widened over the past five sessions as the Index oscillated in the range of 414 points... Read More 

Analyzing India

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A Classical Bottom Formation in Place for This Stock

by Milan Vaishnav

Chennai Petroleum Corp. Ltd -- CHENNPETRO.in The long-term weekly chart of this stock offers some good classical ingredients in it: it hints at a potential bottom in place and a probable trend reversal going ahead from here... Read More 

Analyzing India

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Week Ahead: Weak Dollar Index May Continue Fueling Liquidity in Markets Unless It Pulls Up; RRG Chart Shows Strong Sectoral Setups

by Milan Vaishnav

In a relatively very stable week, the Indian equity markets continued with their up move and have ended yet another week with gains. The volatility that was witnessed in the week before this one was absent... Read More