Analyzing India

May 2019

Analyzing India

Week Ahead: Markets May Face Broader Technical Headwinds; Volatility Likely To Resurface

by Milan Vaishnav

In yet another fairly eventful week, the Indian equity markets continued to digest the general elections fully, ending with a violent reaction to the portfolio allocation of the new set of cabinet ministers. After witnessing a 420-point trading range while marking incremental highs on a closing basis, the headline index NIFTY ended with net gains of 78.70 points (+0.66%) on the weekly note. The markets also ended the month while reacting to every possible event. The difference between the high and the low in the month of May was 932.85 Read More 

Analyzing India

Week Ahead: Markets Set To See Wider Moves; Some Volatility May Resurface Again

by Milan Vaishnav

The Indian equity markets finished one their most eventful weeks as they faced the general election results. Though the move remained much on expected lines, the timing got little awry as the market finished the bulk of its reaction by rising after the exit polls rather than waiting for the election results. The election results saw both NIFTY and the Sensex testing their own historically high levels, followed by a retracement on account of profit-taking. Following an extensively wide-ranging trading week, the headline index NIFTY finally settled with net gains of 436.95 Read More 

Analyzing India

Special Weekly Note: Markets Set To Face A Volatile Week; Placed Differently Than In 2014

by Milan Vaishnav

The Indian equity markets witnessed one of their most volatile weeks in the recent past, oscillating back and forth in a relatively wider range before ending the week with a modest gain. After facing downward pressure in the initial days of the week, the NIFTY saw itself turning positive on the final trading day, ending with gains of 128.25 points (+1.14%). The 7-phase polling comes to an end this Sunday. Exit polls are scheduled to come out beginning Sunday evening and the results of the General Election are on May 23, 2019. Given this, the market is set to see Read More 

Analyzing India

Week Ahead: Amid Feeble Attempts To Pullback, These Sectors May Relatively Out-perform

by Milan Vaishnav

After having failed to give any sustainable breakout above the 11760 levels, as well as having resisted to the lower trend line of the upward rising channel (which was breached on the downside in October 2018), the NIFTY finally gave up and ended the week with a cut. The Indian equity markets continued to correct throughout the week and ended negative on each working day. Having ended on a negative note for the eighth consecutive day, the NIFTY closed the week with a net loss of 433.35 points (-3.70%). We had mentioned in our previous weekly note that, despite attempts to Read More 

Analyzing India

Week Ahead: This Zone Is Set To Act As Stiff Resistance Area For The Coming Week

by Milan Vaishnav

In a truncated 3-day working week, the Indian equity markets headed nowhere and ended the week on a flat note once again. In our previous weekly note, we had mentioned the possibility of the NIFTY failing to break resistance at 11760. In the week that went by, though the markets remained generally volatile, the NIFTY did not make any fresh incremental high. The week ended on relatively flat note as the headline index settled with a net loss of 42.40 points (-0.36%) on a weekly basis. The NIFTY has yet to break above the 11760 mark, which is Read More