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 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 

Analyzing India

Weekly Outlook: NIFTY moves past 50-Week MA; sustenance above that may take Nifty higher

by Milan Vaishnav

The previous week remained much better than expected for the markets, as the benchmark Index NIFTY50 ended the week on a strong note. The week proved to be even more technically important as the NIFTY was able to move past its 50-Week MA, after having resisted that level for seven weeks. The Index has ended the week with net gains of 350 points (+3.32%) on weekly basis. For the month of November, markets have ended with gains of  490.15 points (+4.72%) on a monthly note. Beginning next week and thereafter, the behavior of the markets against the levels of 50-Week MA, which is Read More 

Analyzing India

HDFC Asset Management and Adani Green Energy

by Milan Vaishnav

As the broader and sector indexes continue to consolidate and remain in a broad range, it might be worthwhile to consider grabbing some opportunities outside the indexes. Scanning and looking for stock-specific opportunities is often very rewarding. Two stocks, both of which offer short term momentum and some possibilities of decent up moves, are explored below. HDFC Asset Management Company Ltd (HDFCAMC.IN) HDFC Asset Management Company (HDFCAMC.IN) listed in August 2018; after making a high of 1970, it saw a steep corrective decline which took the stock near 1250 in late Read More 

Analyzing India

Expiry Week Ahead: NIFTY rules below 50-Week MA for seven weeks; up moves likely to remain capped

by Milan Vaishnav

In this short  trading  week, the equities ended the week on a negative note. In a week that saw the Markets moving in the 250-points range, the NIFTY ended the week near its lowest point. The benchmark Index lost 155.45 points (-1.46%) on weekly basis. It was for the seventh consecutive week that the NIFTY has met resistance and has not moved past the 50-week moving average.  The coming week also has the expiry of the current derivative series to deal with;  given the present structure of the charts, we do not expect any meaningful Read More 

Analyzing India

Indian Hotels and Hathway Cables look interesting on Charts

by Milan Vaishnav

The previous week has been very volatile for the NIFTY as the benchmark index remains in the middle of the 150-point turbulent zone of 10600-10750. Two stocks, The Indian Hotels Company Ltd., and Hathway Cable & Datacom Ltd look interesting on the Charts. The Indian Hotels Company Ltd. (INDHOTEL.IN) The stock marked a high of 160.45 in early 2018 and, since then, has traded in a broad range. After marking a lower high at 155.50 in April 2018, the stock has remained in a corrective downward sloping channel while making intermittent failed attempts to break out from that Read More 

Analyzing India

Week Ahead: NIFTY Has Multiple Overhead Resistances to Deal With in This Short Week

by Milan Vaishnav

The Indian Equity Markets spent the entire week on expected lines. The previous week was expected to be turbulent, and the zone of 10600-10750 was set to pose stiff resistance to the Markets. On these analyzed lines, the NIFTY continued to remain volatile all throughout the week. The benchmark Index finally ended the week posting a modest gain of 97 points (+0.92%). NIFTY faced stiff resistance over the previous week in the 10600-10750 zones and failed to decisively extend the pullback.  This 150-point zone of 10600-10750 will continue to remain critically important to watch Read More 

Analyzing India

These Two Stocks Present Short-Term Opportunities

by Milan Vaishnav

Potential Trend Reversal in SCHAND.IN S Chand And Company Limited (SCHAND.IN) is one of the leading publishing houses in India. In May 2017, the stock listed at 673. Over the following 17 months, the stock saw its value erode by ~73% as the stock remained in a secular decline. In October 2018, the stock arrested its prolonged decline as it attempted to form a base around the 180-185 levels. The prices are presently seen trading in a sideways trajectory as the decline has stalled. A couple of signals have emerged which indicate that the stock might have completed its decline and may Read More 

Analyzing India

Stock-in-Focus: Despite Some Consolidation, This Banking Stock is Likely to Make Decisive Moves

by Milan Vaishnav

Over the last four to five weeks, the NIFTY Bank Index ($BANKNIFTY) has not only out-performed the Public Sector Bank Index among the banking space, but it has also seen sharp improvement in relative momentum against the Broader Market Index $CNX500. Many of the Nifty Bank Index components are interestingly poised. A particularly attention-grabbing one is Axis Bank (AXISBANK.IN), which is readying itself for a decisive move over the coming days. Axis Bank (AXISBANK.IN) is one among the top 5 components of the NIFTY Bank Index, having 8.88% weight in the Index. That being said, let us Read More 

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