Analyzing India

December 2018

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 

Analyzing India

Week Ahead: Nifty continues to trade below key resistance levels despite strong pullback

by Milan Vaishnav

In our previous weekly note, we noted that we were expecting a rough ride for the Markets. Over the course of the last week, the markets dealt with the state election results and the sudden resignation of the RBI Governor.  Volatility ruled the roost, with the NIFTY seeing swings in the band of over 750 points before ultimately ending the week with modest gains of 111.75 points (+1.05%) on weekly basis. It is still set to face few technical overhead resistances going ahead, however. The NIFTY recovered over 500 points from the low of 10333 that was Read More 

Analyzing India

Coming week to remain volatile for NIFTY; dealing with volatility infused by results of State Elections important

by Milan Vaishnav

It wasn't smooth sailing for the equity markets as the previous week remained quite volatile, with the markets oscillating both ways to finally end the week in the red. The benchmark index NIFTY50 had moved past its 50-Week MA earlier, but it has failed to sustain that level. On weekly basis, the index ended with net loss of 183.05 points (-1.68%). The coming week is set to remain action packed; the trade set-up is a bit of a double-edged sword. If we look at the set-up solely from technical perspective, markets have a significant number of shorts that exist in the system Read More 

Analyzing India

Kohinoor Foods and Godrej Agrovet

by Milan Vaishnav

Kohinoor Foods and Godrej Agrovet have under-performed the broader markets for quite some time. Presently, both of them are set to end their downward trajectory and look for some upward revision in prices over the coming days. Kohinoor Foods Ltd (KOHINOOR.IN) After hitting a high of 95.75 in early 2018, the stock has remained in a prolonged corrective action. The prices have traded in a falling channel that began in early 2018; the stock went on to mark a low of 28.55 in the month of November. During the past couple of weeks, the stock has shown some signs of ending this downtrend and Read More