Analyzing India

April 2019

Analyzing India

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Are PSU Banks Likely to Outperform Private Banks? Answer Lies in the Relative Rotation Graph (RRG)

by Milan Vaishnav

We head in to a month that is set to be among the most volatile and eventful as the market faces one of the most important domestic events – General Election Results. The equity markets are currently hovering around their lifetime highs... Read More 

Analyzing India

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Truncated Week May Offer Shallow But Volatile Moves; RRG Show These Sectors In Leading Quadrant

by Milan Vaishnav

The past week remained as flat as it can get. In our previous weekly note, we had expected the week to remain volatile and the level of 11760 continuing to pose stiff resistance to any up-moves... Read More 

Analyzing India

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Week Ahead: Odds Stacked Against A Sustainable Breakout; 11760 Still Remains Important To Watch

by Milan Vaishnav

The past week was quite eventful for the Indian equity markets. The short 3-day working week saw the benchmark index NIFTY50 marking a fresh high and attempting a breakout... Read More 

Analyzing India

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Graphite India - Showing Good Potential Among Non-Index Stocks

by Milan Vaishnav

Graphite India Limited - GRAPHITE.IN GRAPHITE looks to be confirming its bottom in the 395-415 zone. After marking a low near 395, the stock has formed a base in the 395-415 zone; having experienced a sideways move over past couple of weeks, a breakout appears likely... Read More 

Analyzing India

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Special Note: When VIX Defies Its Inverse Relationship With NIFTY...

by Milan Vaishnav

The Volatility Index, more commonly known as the VIX, is a measurement of market's expected volatility in the future. Analysts and investors alike look at this tool to measure sentiment while making investment decisions... Read More 

Analyzing India

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Week Ahead: Truncated Short Week To See Capped Upsides; Charts Offer Important Signals To Read

by Milan Vaishnav

This was the second week in a row where the Indian equity markets did not make any significant directional move... Read More 

Analyzing India

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SBILIFE Offers Some Upside Potential

by Milan Vaishnav

SBI Life Insurance Company Ltd (SBILIFE.IN) This stock has a relatively short listing history. It originally listed in October 2017 and marked its high near 772 in middle of 2018, with a subsequent low near 483 in the corrective move that followed in late 2018... Read More 

Analyzing India

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Complex Inverted H&S Formation on ULTRACEMCO; Higher Delivery Percentage May Give Directional Clues

by Milan Vaishnav

A couple of days back, the NIFTY marked a classical Double Top at the 11760 level. The benchmark index has halted its up move and can be seen consolidating just below that level. Over the coming days, the markets are expected to remain highly stock-specific... Read More 

Analyzing India

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Week Ahead: Markets Placed On Tricky Turf; Would Be Sensible To Stick To Defensive Stocks

by Milan Vaishnav

The Indian equity markets had a volatile week, ultimately ending on a flat note. In our previous weekly outlook, we had mentioned the possibility of the market stalling its up-move and showing some corrective intent... Read More