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Dalal Street Week Ahead: Nifty behaviour against Falling Channel chart tells you to stay defensive


Dalal Street Week Ahead: Nifty behaviour against Falling Channel chart tells you to stay defensive
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The 15,000 level remains a sacrosanct resistance point, one lower than that exists at 14,800 level. As long as the 14,800-15,000 range is not taken out convincingly, Nifty will face selling pressure at higher levels on every bounce.
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Defensive stocks from IT, pharma, FMCG and consumption sectors are gaining strength relatively and this phenomenon is likely to persist in the coming week as well.
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The truncated trading week gone by turned out to be a disappointing one in ways more than one. When it had appeared that Nifty had rectified the violation of its immediate and important trend line supports, it violated it again and took support in the short-term 20-week moving average. ....

Services Sector Indices , Financial Services Indices , Nifty Realty , Nifty Bank , Black Candle , Falling Channel , Relative Rotation Graphs , Nifty Metal , Consumption Indices , Nifty Midcap , Nifty Infrastructure , சேவைகள் துறை குறியீடுகள் , நிதி சேவைகள் குறியீடுகள் , நிஃப்டி ரியல்டீ , நிஃப்டி வங்கி , கருப்பு மெழுகுவர்த்தி , வீழ்ச்சி சேனல் , உறவினர் சுழற்சி வரைபடங்கள் , நிஃப்டி உலோகம் , நுகர்வு குறியீடுகள் , நிஃப்டி உள்கட்டமைப்பு ,

Dalal Street Week Ahead: Dalal Street week ahead: Tech bounce due, but Nifty upside to remain capped


In our previous weekly note, we had projected the market to show limited upsides and talked about the possibility of Nifty slipping into the consolidation mode. The week gone by remained quite volatile and Nifty oscillated in a violent and volatile way for the first four days of the week, showing no clear directional bias.
Just when it was consolidating on the expected lines and in a defined range, a spike in US bond yields on Thursday caused severe weakness in the market on the last day of the week, turning it into one of the worst performances in recent times. At the end, the headline Nifty50 Index ended with a net loss of 462 points, or 3.02 per cent, on a weekly basis. ....

Nifty Financial Service Index , Nifty Energy Index , Bank Nifty , Services Sector , Relative Rotation Graphs , Relative Rotation Graph , Nifty Auto Index , Financial Service Index , Metal Index , Consumption Indices , Energy Index , Infrastructure Indices , Dalal Street Week Ahead , Treasury Yields , India Vix , Nifty 50 , Small Cap , Mid Caps , நிஃப்டி நிதி சேவை குறியீட்டு , நிஃப்டி ஆற்றல் குறியீட்டு , வங்கி நிஃப்டி , சேவைகள் துறை , உறவினர் சுழற்சி வரைபடங்கள் , உறவினர் சுழற்சி வரைபடம் , நிஃப்டி ஆட்டோ குறியீட்டு , நிதி சேவை குறியீட்டு ,

Nifty: Dalal Street week ahead: Market at crucial juncture; stay highly sector & stock-specific


Indian equities continued a measured climb over the past five days, and have gone on to pile up some incremental gains. After a brief consolidation at the start of the week, Nifty has gone on to mark fresh lifetime closing highs each day, as liquidity continued to chase equities. The Dollar Index remained weak, which fuelled FII inflows to the emerging markets in general.
The headline index itself oscillated in a 326-point range and ended with a net gain of 246 points, or 1.83 per cent, on a weekly basis. This was the seventh straight week of gains for the index.
The coming week is a truncated one as the markets will be closed on Friday for Christmas. If we read the technical charts in isolation, the index is now highly overstretched on both daily and weekly timeframe charts. It is a different thing that a weak dollar is continuing to fuel FII inflows, and a surge in liquidity is helping the market momentum. ....

Nifty Services Sector Index , Bank Nifty , Nifty Financial Services , Nifty Realty , Nifty Energy , Dollar Index , Relative Rotation Graphs , Financial Services , Nifty Metal Indices , Metal Index , Auto Index , Nifty Pharma , Nifty Media , Consumption Indices , Nifty Infrastructure , நிஃப்டி சேவைகள் துறை குறியீட்டு , வங்கி நிஃப்டி , நிஃப்டி நிதி சேவைகள் , நிஃப்டி ரியல்டீ , நிஃப்டி ஆற்றல் , டாலர் குறியீட்டு , உறவினர் சுழற்சி வரைபடங்கள் , நிதி சேவைகள் , நிஃப்டி உலோகம் குறியீடுகள் , உலோகம் குறியீட்டு , ஆட்டோ குறியீட்டு ,