Analyzing India

September 2021

Analyzing India

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Week Ahead: Buoyant NIFTY May Face Consolidation at Higher Levels; Expect Outperformance from These Sectors

by Milan Vaishnav

Much on the expected lines, the Indian equity markets had a strong week. Despite being overbought and a bit overextended on the charts, the stocks put up a resilient show while the NIFTY tested and closed at a fresh lifetime high point... Read More 

Analyzing India

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Week Ahead: NIFTY May Broadly Consolidate; RRG Chart Shows This Sector Ending Its Relative Underperformance

by Milan Vaishnav

As discussed in an earlier technical note, the Indian equity markets were grossly overbought; as a result, they were largely expected to consolidate... Read More 

Analyzing India

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Week Ahead: NIFTY is Inherently Buoyant, But May Consolidate in a Broad Range; RRG Chart Shows a Good Setup

by Milan Vaishnav

In the previous weekly note, it was mentioned that even though the NIFTY and other key indexes are grossly overbought, the options data is continuing to show strength. This also meant that the supports were dragged higher by the NIFTY... Read More 

Analyzing India

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Week Ahead: NIFTY Shows Internal Strength; RRG Chart Show These Sectors' Improving Relative Strength

by Milan Vaishnav

In a very strong surge to the up move, the Indian equity markets scaled greater heights, ending on a new lifetime high... Read More