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Markets activity turned laggard on Tuesday with cash market turnover declining to Rs 65,000 crores ahead of the uncertainty of the U.S. Government shutdown with Sensex sustaining below 50 DMA. The outlook for markets remains cautious after U.S. Indices traded below its major breakdown. For Nifty, crucial support is seen at 19,600 below which, we may see an immediate hit towards 18,800. Facebook: ⁠...

Markets ended unchanged on Monday and formed a doji star on the candlestick thus indicating signs of indecisiveness as it moves closer to important trend line support. The low of Doji  star  is placed at 19601 and should act as an important trigger for the activation of the next round of selling and any move below 19600 should force Nifty to test 19200 in a quick span of time. Adding to it, a bull...

Markets tend to remain strong as long they hold comfortably above the previous highs, while below the same - turns the recent breakout void. In Nifty terms, we expect an immediate target of 18,200 on breach of 19,265 in Nifty futures. Facebook: ⁠⁠⁠⁠https://www.facebook.com/fintooapp/ ⁠⁠⁠⁠ Insta: ⁠⁠⁠⁠https://www.instagram.com/fintoo.app/⁠⁠⁠⁠ LinkedIn:⁠⁠⁠⁠http://bit.ly/Fintoo_linkedIn⁠⁠⁠⁠ Twitter: ⁠...

Markets activity remained tilted towards large cap with Sensex moving closer to its all-time peak despite India VIX posting gains. After yesterday’s up move India VIX has moved closer to breakout and a move above 12 should be seen as a major sign of strong Put option accumulation in markets and an initial leg of unwinding may be faced by high beta counters especially midcaps and small caps. An imm...

Markets cooled from day’s high to end on a flat note after broader markets corrected sharply with Midcap and Smallcap Index declining over 3% and India VIX surging above the 11.5 mark. Brent crude too has crossed USD 92 a bbl mark and should be positioned to test USD 107 a bbl in the coming week after the recent breakout.  The Nifty 500 Index has confirmed major reversal with formation of bearish...

Markets inched further higher on Thursday to cross above 19,700 on the back of a sharp surge in Bank Nifty while key concerns like rising USDINR and Brent Crude prices continue. The broader market index namely the Dollex 100 index which is basically the BSE 100 Index in USD terms has formed a bearish pennant where Wave C within Wave 2 is coming to an end and a negative closing of 0.65% or 125 poin...

Markets witnessed a euphoric upmove in broader markets especially the midcap and small-cap segment despite USDINR crossing above 83 and Brent trading above 90$. A similar euphoric phase in the midcap and small-cap phase was witnessed in 2008 when the monthly RSI displayed V-divergence from the overbought zone and prices followed with a steep decline. Currently, Brent crude prices have crossed a cr...

Markets began on a positive note on Monday with Nifty surpassing the psychological mark of 19,500 and formed a  doji star  on the candlestick along with a negative reversal in RSI. As doji star has occurred after retracing 38.2%, we can expect a major reversal on the breach of yesterday’s low which is placed at 19432. Meanwhile, a negative reversal would also tempt many traders to open short posit...

Markets witnessed a sharp jump on Friday which helped Nifty to end 5 weeks of losing streak and post weekly gains of closer to 1%. Friday’s rebound was mainly on the back of retail euphoria which suddenly pumped an additional Rs 32,000 crore into the system compared to the previous day and this may be termed as unusual buying to protect weekly closing. Friday’s up move has the maximum potential to...

Markets attempted a rebound on Monday on the back of upbeat global markets but failed to extend beyond 19,350 which was followed by marginal gains to end around 19,300. The rise in India’s VIX above 12% exhibits caution as the next leg of decline could have severe repercussions. The spread of Nifty 50- Nifty 500 index which is a mere difference in values of the index suggests aggressive shorting i...

Markets succumbed to selling pressure on Friday with prices opening lower and thereafter closing at the lowest point of the day by breaching a low of 19253.60. This breach has confirmed the start of Wave (3) of impulse degree which would have a minimum target of 17,657 and can even extend to 16,463. From a trading perspective, this is an ideal time for opening short positions in Nifty September fu...

Nifty opened with a gap up on Thursday but selling in the second half in financials stocks forced Nifty to end in the negative terrain turning the entire day into a  bearish engulfing line  on candlestick charts. As reversal has occurred after retracing 38.2% of the down move, it may signify end of corrective up move of Wave 2 and is likely to be followed by Wave 3 in the coming days. Applying for...

Markets managed to post gains on Wednesday on the back of support from Bank Nifty which rallied more than 1% on the back of a drop in USDINR and lower Brent crude prices. However, the setup for Nifty still calls for caution and resembles a similar situation that occurred on Sep-Oct 18.  The price setup in Nifty 50 indicates that Wave (3) should resume after the current up move which can fall in a...

Market action may suggest “All is well” based on the performance of “B” Group stocks movement in the past few days. But underperformance in Nifty 50 indicates a sign of a major warning. The Indian markets have a history to replicate movement in US Banks with a lag effect of 15 days and some of the giant US Banks namely Goldman Sachs are already showing signs of a major breakdown. The weekly spread...

Markets began the week on a positive note with Nifty ending closer to 19,400 despite continuous selling from FIIs. The Nifty setup clearly calls for caution after the initial impulse leg of decline and the next leg of decline for Nifty could be well below 17000. The short-term charts suggest that selling pressure in markets could be reinforced on a move below 65,175 in Sensex and the next leg of t...

Markets tend to remain strong as long they hold comfortably above the previous highs, while below the same - turns the recent breakout void. In Nifty terms, we expect an immediate target of 18,200 on breach of 19,265 in Nifty futures. Facebook: ⁠⁠⁠⁠https://www.facebook.com/fintooapp/ ⁠⁠⁠⁠Insta: ⁠⁠⁠⁠https://www.instagram.com/fintoo.app/⁠⁠⁠⁠ LinkedIn:⁠⁠⁠⁠http://bit.ly/Fintoo_linkedIn⁠⁠⁠⁠ Twitter: ⁠⁠...

The breakout in India VIX above 11.5 along with USDINR sustenance above 83 in international exchanges poses major threat to the India markets. The rise in USDINR would provide early indications about unwinding in long positions in Indian offshore indices like BNY Mellon INDIA DR Index which currently showing signs of reversal and thereafter breakdown from bearish running triangle with downside pot...

The outlook for market remains bearish with spread of Nifty 50- Nifty 500 breaching key support. A breach of support would indicate more addition of short positions in Index futures in the coming days in order to hedge their existing portfolio. We expect markets to face sudden jerk on breach of the recent low of 19296 with immediate target seen at 18200. Facebook: ⁠⁠⁠⁠https://www.facebook.com/fint...

The Dollex 30 i.e., Sensex in USD terms has already confirmed a lower low, which opens a case for a 7-8% correction in immediate terms. In Sensex terms, critical breakdown levels are placed at 65174 below which, it would confirm start of impulse degree Wave 3. Visit us at ⁠⁠⁠⁠https://www.fintoo.in⁠⁠⁠⁠ Contact us at +91 9699 800 600 Join us on WhatsApp: ⁠⁠⁠⁠https://bit.ly/Connect_on_Whatsapp⁠⁠⁠⁠ Fo...

The market ended with marginal losses after failure to cross above 19600 while India VIX confirmed a breakout after closing above the 11% mark. Both USDINR and Brent Crude rise pose a major risk to the Indian markets with Brent Crude positioned to hit USD 100 a bbl in the next few days. Visit us at ⁠⁠⁠⁠https://www.fintoo.in⁠⁠⁠⁠ Contact us at +91 9699 800 600 Join us on WhatsApp: ⁠⁠⁠⁠https://bit.ly...

The widely tracked index by FII namely Dollex 30 i.e., Sensex in USD terms has seen breach of intermediate low and is followed with major negative crossover in MACD. This move clearly corroborates that current upmove from here on remains unsustainable and markets may see renewed pressure on back of surge in USDINR. Visit us at ⁠⁠⁠⁠https://www.fintoo.in⁠⁠⁠⁠ Contact us at +91 9699 800 600 Join us on...

In the past few days, Brent Crude prices has seen steady up move after formation of double bottom and is on a verge of breaching intermediate high for a potential target of USD 103 a bbl. We expect Nifty to sharply react lower by 8-9% on Brent crude crossing above USD 87.5 a bbl mark and may also have severe impact on USDINR which is also geared for testing 87. Visit us at ⁠⁠⁠⁠https://www.fintoo.i...

Markets ended with gains of 0.5% yesterday on back sharp jump USDJPY with IT and Metals turning main contributors on Monday. With base metals prices surging almost 2% in yesterday’s trade, we expect this to impact the financial sector negatively. For Nifty, a move below 19700 should be seen as a reversal. Visit us at ⁠⁠⁠⁠https://www.fintoo.in⁠⁠⁠⁠ Contact us at +91 9699 800 600 Join us on WhatsApp:...

The crucial support for Nifty is seen at 19,600 on a closing basis below which, we may see selling intensifying towards 19100 and below in a quick span of time. The rising crude prices and base metals prices pose a major threat to Indian markets with Brent Crude already confirming major breakout on a weekly basis. Visit us at ⁠⁠⁠⁠https://www.fintoo.in⁠⁠⁠⁠ Contact us at +91 9699 800 600 Join us on...

Markets reacted to sharp selling from FII in the futures segment with FII selling Rs 8,000 crore and Rs 4,000 crore in the cash segment forcing Nifty to re-test 19,600 with the formation bearish engulfing line on a daily candlestick chart. For Indian markets, key levels to watch would be the USDJPY movement as a fall in USDJPY would have enough potential to force the Nifty below 17,000. Visit us a...