Analyzing India

Milan Vaishnav
About the author: , CMT, MSTA is an Independent Technical Research Analyst at his Research Firm, Gemstone Equity Research & Advisory Services in Vadodara, India. With his experience in the Indian Capital Markets of over 15 years, he has been delivering premium India-focused Independent Technical Research and presently contributes on a daily basis to ET Markets and The Economic Times of India. He also authors India-focused "Daily / Weekly Market Outlook" - A Daily / Weekly Newsletter, currently in its 15th year of publication. Learn More

Latest Posts

Analyzing India

Week Ahead: NIFTY Looks At Taking A Decisive Directional Call In The Coming Week

by Milan Vaishnav

The past week saw the market remaining range-bound, oscillating inside a 250-point range and ultimately ending with a modest gain. Though the market did not take any directional call on either side, it saw significant amount of volatility within the defined range. While holding on to the 50-Week MA level, which was 10749 at close, the NIFTY ended the week with gains of 112 points (+1.04%) on a weekly basis. Despite staying range-bound, there are couple of technically important points that should be noted. On the daily charts, the NIFTY rebounded Read More 

Analyzing India

ICICI Securities: Interesting Days Ahead

by Milan Vaishnav

ICICI Securities Ltd. (ISEC.IN) In addition to being the pioneers in the e-brokerage business in India, ICICI Securities is a technology-based firm offering a wide range of financial services including investment banking, institutional broking, retail broking, private wealth management and financial product distribution. The stock has a short listing history. ISEC.IN marked its high on the listing day at 443 on April 05, 2018; since then, it has remained in a falling channel while wiping out over 50% of its value within a couple of months of listing. Some signals have emerged on the Read More 

Analyzing India

NIFTY Mildly Penetrates The 50-Week MA; Moving Past These Levels is Necessary For A Sustained Up-Move

by Milan Vaishnav

It was a volatile end to the week as the NIFTY index oscillated in a 100-point range on Friday, finally settling with a modest loss after rebounding from the lower levels. Just like the week before, no major downsides were seen. The NIFTY just barely managed to pierce the 50-Week MA, which is currently at 10748. After oscillations in a defined range, the headline index NIFTY50 ended with modest gains of 67.60 points (+0.63%) on a weekly basis. The market continues to remain poised at a critical juncture. Despite exhibiting buoyant Read More 

Analyzing India

HDFC Standard Life - Preparing For A Move?

by Milan Vaishnav

HDFC Standard Life Insurance Company Ltd. (HDFCLIFE.IN) This stock has a rather short history. After listing in November 2017, it spent the first couple of months moving higher, then returned all those gains in the following months. It is said that chart patterns are fractal in nature; those patterns are more reliable if they appear on more than one timeframe for the same security. HDFCLIFE.IN seems like a good example of this. It has formed a classical double bottom support, halted its decline and currently remains trapped in a symmetrical triangle formation. These patterns appear in Read More 

Analyzing India

Can the NIFTY Move Past its 50-Week MA in the Coming Week?

by Milan Vaishnav

Throughout the past week, the markets continued to follow the falling trend line pattern resistance. Though no major downsides were witnessed, the NIFTY did not make any major up moves either. The larger part of the previous week saw a significant number of shorts being added, but no short covering came through and the NIFTY settled with a net loss of 132.55 points (-1.22%) on a weekly basis. Despite the amount of shorts that were seen being created in the system, the market still awaits any major up-move. Presently, the NIFTY has ended just below its 50-Week MA Read More 

Analyzing India

Interesting Technical Set-Ups on Container Corp of India and SBI

by Milan Vaishnav

The PSUBank Index has a shown sharp surge in its relative momentum against the broader CNX500 index. This keeps this index firmly in the leading quadrant of the Relative Rotation Graph, where it accompanies the NIFTY Infrastructure Index. The Container Corporation of India (CONCOR.IN) from the Infrastructure index and the State Bank of India (SBIN.IN) from the PSUBank index present interesting set-ups for technical charts. Container Corporation of India (CONCOR.IN) After peaking at 740 in early 2018, the stock has remained under broad consolidation, forming lower Read More 

Analyzing India

Special Note: The Year That Was & Sectors to Look At In 2019

by Milan Vaishnav

The last trading session of 2018 was rather dull, with the markets ending on a flat note. The year itself, however, stood in stark contrast to its last trading day. Throughout the previous year, the NIFTY was consistently affected by events both global and domestic in nature. These included, among others, the threat of trade war, the Fed continuing to rise interest rates in the US, sharp spikes in crude prices followed by equally sharp declines, volatile domestic currency, regional conflicts in Asia/Pacific with escalating tensions between the US and North Korea, state elections in India Read More 

Analyzing India

First Week Of 2019 To See NIFTY Remain Indecisively Bullish; Moving Past 10950 Still Important

by Milan Vaishnav

Over the past week, the markets continued to deal with overhead resistances on expected lines. Once again, it was a volatile week, with the NIFTY oscillating in a wide range as it dealt with a couple of important resistance levels on the charts. The benchmark index has attempted to penetrate the 50-Week MA, which is presently at 10756, but ultimately closed near the upper band of the week’s trading range, ending the week with net gains of 105.90 points (+0.98%). With the last trading session of 2018 on Monday Read More 

Analyzing India

Week Ahead: NIFTY may relatively out-perform globally; upsides though, may remain capped

by Milan Vaishnav

Before the start of this week, we had highlighted the possibility of NIFTY facing overhead resistance as it was inching higher. We also expected the week to remain much more volatile than normal. In line with this forecast, the week that went by remained highly volatile, with the index oscillating in a wide range. After meeting the overhead resistance area, the NIFTY took a sharp knock on the last trading day of the week (Friday), but still managed to end the week with just a modest loss. The benchmark index lost 51.45 points (-0.48%) on a weekly note. The Indian Read More 

Analyzing India

ITC and Adani Ports

by Milan Vaishnav

Before I begin, let me wish all our readers, friends and colleagues a very Happy Holidays and the best of times to come in 2019! The Indian Equity markets have witnessed immense volatility over the past couple of days. Amid this volatile environment, it makes sense to adopt a stock-specific view. The Infrastructure Index has moved into the leading quadrant of our RRG (Relative Rotation Graph) and the FMCG pack has shown sharp improvement on the relative momentum front. A few stocks among these groups are set to outperform relative to the broader markets; let's take a look at a stock from Read More 

Subscribe to Analyzing India to be notified whenever a new post is added to this blog!