The equities benchmark indices ended a three-week losing streak in an extended trading week on the back of a prebudget rally.

Nifty has formed a perfect Doji candle on a weekly chart. After last week’s 573-point decline, this indecisive candle’s low has become crucial support.

The depreciation of the rupee to an all-time low and other concerns like probability of yen carry trade unwinding and a sharp sell-off in the banking stocks gripped the equity markets.

The equity indices suffered significant losses last week. Nifty declined in all the five trading sessions and registered a 4.77 per cent fall.

The equity benchmark index cleared an important resistance last week and registered breakouts.

Nifty broke out of a sloping channel with a sharp bounce of over 1,088.40 points or 4.68 per cent on Friday and Monday.

Nifty has formed another lower low and closed at the previous weeks low.

For the fourth straight week, the benchmark index registered a decline.

In our earlier columns, we forecasted that the overstretched market may witness a sharper decline.

Nifty continues to scale new highs, rallying about 250 per cent from the low reached during the corona virus pandemic.

Leading benchmark index Nifty 50 scaled to a new lifetime high with a surprise move last week.

Nifty, the benchmark index, is at a new high.

As anticipated in our analysis, Nifty has demonstrated remarkable structural resilience since October 2023,

After an uninterrupted eightweek rally, the Nifty index finally faced a significant downturn,

The Union Budget has introduced several proposals that will affect the investment gains.

Benchmark index Nifty continued its positive momentum last week and closed at another new lifetime high.

The benchmark index Nifty has been in a consolidation mode for the second consecutive week, trading in a narrow range.

Nifty made a unique and rare move last week, moving in a 2,057 points range and forming a 2,008 point-long lower shadow.

Two more buoyant and impulsive weeks have ended with over 2 per cent gains in straight weeks.

The stock market is finding itself in a jittery position amid low voter turnout.

With huge three-day price swings during the last week, equities rebounded and closed almost at the previous week’s high.

L ast week, the domestic benchmark indices closed flat on a week-on-week basis but formed a bearish pattern (shooting star) that warrants attention.

The equities staged a remarkable rebound on the final day of the financial year, setting a positive tone for the new financial year. This surge led to a new lifetime high at 22,529.95, effectively nullifying the January-March topping cycle

The Nifty finally succumbed to an impulsive corrective move across the market selling pressure.

Positive economic data boosted the sentiment in the domestic market and lifted key benchmark indices to a fresh all-time.

The NSE benchmark index Nifty 50, though it hit a fresh all-time high, is struggling to cross the 61.8 per cent extension level of the prior uptrend. In June 2023,

he Nifty sustained above the 20 DMA for the third successive day, and the Bollinger bands were flattened.

Our suspicion about the unabated, seven-week vertical rally was finally proved right with the expected pause becoming a reality.

In this latest update, Nifty has continued to gain for the sixth straight week.

The equity markets were seen consolidating for the last six days before the event risk of five state elections.

The fall was sharp and impulsive two weeks ago and Nifty has undergone a counter-trend consolidation for the past two weeks.

Last week, Nifty registered one of its worst declines. It spiralled down by 3.56 per cent in the previous two weeks, closed below the August 31 low and formed a major low.

As forecasted in the last column, the market has largely consolidated in the zone.

With a high probability, the corrective move will continue with higher volatile moves. We also mentioned several times about the impact of the low VIX regime.

The domestic equity markets have rallied for the third straight week. In the process, Nifty has erased five weeks of losses in just three weeks, which is just 60 per cent of the time (near Fibonacci number 61.8 per cent).

The Nifty has formed a bearish engulfing candle on a monthly chart.

The equity benchmark indices have reached a critical junction. The Nifty on an intra-week basis slipped below the 10-week average for the first time since April of this year.

The domestic equity markets were very volatile during the last two weeks and traded in an extended range.

The benchmark index, the Nifty, has been seen taking a pause in the current week after four successive weeks of higher high closings.

The Nifty has finally ended its eight days of a winning streak and entered a phase of counter-trend consolidation.

The S&P BSE Sensex, a benchmark index of the Bombay Stock Exchange, hit a new high last week.

NSE benchmark Nifty50 has recently reached impressive heights, second only to its historical peak.

The Nifty registered its third-highest weekly closing in the previous week, and currently it is just another 225 points away from the all-time high and just 62 points away from the all-time high weekly closing.

Nifty failed to get a confirmation for the bearish patterns in the recent past.

In a scenario of buoyant global markets, the Indian stock market negated all the weaknesses.

The bulls remained in control over the market and did not allow the Nifty to close below its previous day’s low until the last week.

The Nifty has negated a red closing for the fourth consecutive month. It ended flat with a perfect Doji candle formation on a monthly candle. Historically, the Nifty has never declined for four consecutive months, even in the most bearish year.

Given the increasing volatility, Nifty registered a fall for the second consecutive week.

After a string of eight consecutive decline days and nine bearish bars, the Nifty has turned up, as expected.

The NSE benchmark Nifty 50 is still directionless though it made a futile effort to break the budget day range.

After a volatile and eventful week, the market recovered at the weekend and closed positively. It is proven once again that the budget week is volatile. The Nifty traded in a 618 points range on the budget day and is still trading within that range.

The market has been clueless about any specific direction for the last four weeks or 20 sessions. The prolonged sideways action will generally result in an impulse move in the direction of the breakout.

Nifty 50, the benchmark index, gained for the seventh straight year in CY 2022.

The Nifty registered one of the biggest and sharpest falls last week. It has broken the 26-week rising wedge pattern with added distribution days. 

As was expected, the Nifty tested the zone of 18,780- 18,880. Since then, the index has entered into a counter trend. Nifty corrected by 2.53 per cent from the lifetime high of 18,887. It exactly tested and traded around the 20 DMA.

The Nifty is at a new lifetime high. With this, the Nifty ended its 13-month-long counter-trend. After six days of tight-range consolidation, the breakout registered a strong volume on Thursday.

The previous week’s marginal breakout was confirmed with a decisive breakout during last week. It formed a strong bullish candle above the prior swing highs.

Despite several warnings about recession and further rate hikes, the Indian benchmark index has registered a fresh breakout during this week.

The global tremors are becoming increasingly violent. There have been consistent cases of being up one day and down the other with big swings. Gap opening and intraday recoveries have become habitual for the equity markets.

After a decline of 1,348 points in the last 12 trading sessions, Nifty showed a significant single-day recovery last Friday. It recovered most of the weekly losses and formed a long lower shadow candle on the weekly chart.

The domestic equity market's outperformance continued in the last fortnight as well when compared to its global peers. But, the momentum is waning as the consolidation extends for 21 days. Most of the consolidation is limited to just the 650 points range.

The domestic markets experienced volatile moves, whereas the global markets declined sharply on the downside. The Nifty traded in a 611 points range and finally closed flat last week.

The Nifty has given clear signs of weakness since the last weekend by forming bearish patterns and closing below the key support. As mentioned earlier, the index behaviour around the crucial level of 18,000 is important to watch.

The Nifty registered one of the strongest moves in the previous week during the current downtrend.

The Nifty registered one of the strongest moves in the previous week during the current downtrend.

The Nifty has completed its counter-trend rally to the 61.8 per cent retracement level and filled its opening downside gap of June 13 on expected lines.

The equity market took a breather last week as the global markets rallied.

The Nifty made a new low after March 8. With this, it also registered an 11-month low.

Nifty, the benchmark index, moved in line with our expectations in the last fortnight.

On Account of the intensified selling pressure in the broader market, the benchmark indices declined to near their previous swing low.

After a volatile week, Nifty formed an inside bar last week as it traded within the previous week’s range. It traded in the range of 489 points, formed a long upper shadow candle and resembled a shooting star candlestick pattern

Rising inflation concerns and the World Bank’s cuts about India’s GDP growth forecast dented the market sentiment while the disappointing earnings by heavyweights like Infosys and HDFC Bank added fuel to fire, which resulted into intensified profit booking.

Over the past fortnight, the relentless march of benchmark index Nifty 50 off its 200 DMA surpassed yet another barrier

The past fortnight has seen the markets, both global and domestic, under a massive, short squeeze which propelled the indexes higher with the markets recovering the bulk of losses that have been suffered in the recent past.

The past fortnight has been particularly cruel for the global equity markets in general with Indian equities being no exception.

Over the past 15 days, the Nifty has continued to trade with an underlying negative bias.

While trading with a largely bearish undertone, the equity markets have not made much headway over the past 15 days.

Contrary to popular belief that the month of January is a subdued one for the Indian benchmark indices, the first half of January 2022 turned to be a delightful one for both investors and traders.

The year 2022 has really started on a happy note for market participants with the Indian benchmark indices displaying resilience despite the noise in the global markets after hawkish comments in the US Federal Reserve’s minutes and the rising number of Omicron cases.

The week gone by was quite a dramatic one and it was no less than a Bollywood masala movie, where we saw a gap down followed by a comeback and a cool-off on the last trading session of the week.

The domestic equity market continued its positive move for the second week. The new week began with a gap up opening traded with a sense of nervousness. The RBI’s neutral monetary policy built positive momentum after a sharp decline of two weeks amid Omicron uncertainties and a subdued global market sentiment. The benchmark index,

The global and domestic equity markets are breaking down as fears of the new Omicron variant send shivers down the spine across the globe.

Our suspicion about market direction has proved right. During the last two weeks the market has witnessed a severe distribution from big investors.

The domestic equity market witnessed buoyancy as fresh, aggressive buying interest emerged. After three weeks of consolidation, the Nifty has broken out of a 13-day cup pattern with an impulsive move.

Even though the Nifty formed a bearish candle on the weekly chart, it made a higher high and higher low candle.

The target of 17,740 which was mentioned in our earlier Nifty column has been met which was based on the 127.6 per cent extension of the prior swing.

The Nifty 50 index closed at a new lifetime high of 17,323.6. It has gained about 618 points during the last week.

During the last fortnight, the market was seen moving higher and it met its measured move price target of 16,700. The last two days of price action suggests that the Nifty once again may consolidate for some time.

Finally, the equity benchmark indices have broken out of about a two-month-long consolidation period with an impulsive move. The Nifty has retraced 162 per cent retracement of the February-April decline, which was a longer decline time-wise.

The equity markets are becoming increasingly nervous about their moves. The benchmark Nifty50 index has been trading trading in a less than 300 points’ range for the past seven weeks.

As of now, consolidation continues in the market which is hesitant to make any decisive moves.

The market has been struggling to move higher during the last two weeks or so. While trading at lifetime highs during the month, the Nifty made an effort to close above the 15,900 level at least thrice.

The Nifty has rallied almost 111 per cent since its March 2020 low. During the 15 months of this rally, the market ignored several historical patterns. Fundamentally, the high PE has become obsolete. Many bearish technical patterns have failed. 

During the last 14 weeks, the correction was limited to just 8.30 per cent, which does not meet any kind of bearish trend characteristics.

The Indian stock market is discounting all the negative factors, like it did in March 2020. When the nationwide lockdown was announced, the market actually made a bottom and bounced back sharply.

The consolidation phase continued for another fortnight. During the last two weeks, the Nifty moved within the range of 15,000-14,200. The only difference in the current swings is that it has been at a faster pace.