Analyzing India

July 2019

Analyzing India

Week Ahead: Mild Pullbacks Likely; NIFTY Continues To Remain Vulnerable To Sell-Offs At Higher Level

by Milan Vaishnav

After meeting resistance around 11800-11840 for seven weeks, the markets loosened up a bit over the past week, ending with losses. NIFTY spent the previous couple of weeks in a defined range as it remained indecisive and did not make any convincing directional call. This week, the NIFTY witnessed some increased corrective pressure from higher levels, ending with a net loss of 258.65 points (-2.19%) on a week-to-week basis. The NIFTY has ended below the 20-period MA on the weekly charts. The India Volatility Index (INDIA VIX) is presently Read More 

Analyzing India

Week Ahead: Markets Have A Difficult Terrain To Negotiate; Will Continue To Resist At Higher Levels

by Milan Vaishnav

The markets were range-bound over the course of the week, but remained volatile on anticipated lines while digesting the Union Budget on Friday. As expected, the event failed to infuse any cheer in the markets, with the NIFTY remaining within a defined range and oscillating in a limited band. The entire week was comprised of just a 184-point band within which the index moved. After heading nowhere and paring most of the gains on the last day of the week, the NIFTY ended with a negligible increase of 22.30 points (+0.19%) on a weekly basis. Read More 

Analyzing India

Investors' Expectations: Knee-Jerk Reactions And Volatile Oscillations Aside, Budget May Remain A Non-Event

by Milan Vaishnav

After claiming an absolute majority again in the 2019 General Election, the Narendra Modi Government is slated to come up with their first budget of the second term on Friday, the 4th of July, 2019. Many expectations have been building up around this event, which has always been one of the most important domestic events in a given year. All industries represent different sectors, and people at large from the various strata of society expects something or the other from the Government in every budget. Investors are no different. At this point, it would be interesting to take a look at what Read More