Author name: Anosh Mody

A complete 180° by the #stockmarkets? September was the first negative month the market saw after the COVID selloff back in March. That’s a big thing! With that said, the last week of the month was much better, with the broad-market index #Nifty50 gaining 3.30%! This is starkly different from the price movements we experienced during the rest of the month, though volatility remained to be a constant for the most part. So while September was a “speedbump” of sorts for the market, the charts and technicals indicate that they are still fairly well-placed. Underlying stocks, too, seem to be on a good trajectory, bouncing up from important levels. The Big Daddy of our markets, Reliance, announced two important investment deals over this weekend. Quite a lot going on, then! All the recent events, including the POTUS testing positive for coronavirus, mean that there are just far more data points to absorb and read (contextually) than before. Get a quick five-minute snapshot of all relevant info you need before the markets open tomorrow! Link in the comments 🙂

Confused about the #stockmarket after the unexpected selloff? This week’s edition of Market Chronicles is here to help! September as a month has been a rollercoaster ride for the markets, and this week was no exception, with major stocks bleeding hard this past week. Most sectors were deep in the red, with IT barely managing to stay afloat. So much so that some perfect long breakout setups fell flat, too. Yet all this was followed by a sharp u-turn on Friday, right after a negative September monthly expiry. Nifty recovered 244 pts, with many major stocks managing to find supports. Almost as if the markets were nearing a bottom. So with the markets seeming to be in two minds, it’s quite challenging to understand what we might see next. Was this a retracement/pullback? Or perhaps a reversal? Is Nifty still overvalued? These are some questions that we all have in our minds, but given the present scenario, it can be quite challenging to navigate our way through them.

Market Chronicles: Your 5 minute roadmap for the week ahead! Flat as a pancake is how we’d describe the markets this week. With both higher and lower levels being rejected, we finally ended up with a doji as the weekly candle! We are still cautiously optimistic, as the immediate support levels are well defended. The small and mid caps outperformed the Nifty after SEBI’s diktat last week. Banks and financials continue to weaken, while the relative chart is at a very crucial support level, which is why we believe a bounce is quite likely. The IT, Pharma and Auto indices have good bullish setups, and we’d suggest keeping a close watch on stocks in these indices! Do read our entire write-up on the link below for useful insights before stepping into next week’s trade!

The tense bearish gloom from last week was missing this week, but we’re not quite out of the danger zone yet! A lot of good breakouts in big names led the rally this weak, but market breadth was not very promising. Nifty’s biggest influence, the Bank Nifty is at a crucial short term level which we can safely call make or break. With SEBI’s new mandate on multicap funds, which forces them to allocate 25% each in small and midcaps, we are bound to face some turbulence in that space too. The coming week is going to be an important one for the markets! Read this week’s edition of Market Chronicles on the link below to understand why we are cautiously optimistic going forward!

“Let the battle begin” could have been the title of this past trading week. From a couple of days with sharp selling pressure, to some price spikes and dips and a very sideways day, the week had it all. But most importantly, it showed an important break in the euphorically positive sentiment that the bulls enjoyed. With Nifty closing -2.69% for the week, it’s reversed all gains made the week prior and then some. This was largely due to hesitation on the part of institutional investors. While Banknifty was shining until 28/08/20, it completely changed direction Monday onward, underperforming the broadmarket. The dollar, another important asset to track, made some interesting moves this past week, too.This makes it slightly tricky to understand important levels for the coming week and what the potential direction may be. On one hand, we have an uptrend that’s partially dented and on the other, some strong supports for certain important stocks. So was Friday’s sharp dip the first indication of an important change in sentiment? Or will it be ignored when the markets open this week? Read this edition of Market Chronicles to quickly understand all you need to know about how the markets are placed!

“Buy before you completely miss the bus or wait for a potentially imminent correction?” is a thought most of us would have had sometime this past week.

After a very interesting week, Nifty is now up 2.43% and closer to the ATH of 12400 than its ever been. This was thanks to extremely strong performance by some stocks including some BFSI majors. In general, the bulls were eager to buy at every dip the market showed, and that accumulation is what might have potentially pulled the markets this week.

But that also begs the question – will this continue? After an eventful close, will sentiments allow Nifty to go up even higher? And with Banknifty completely outperforming the broadmarket, how long will momentum really last? After all, we’ve witnessed these positive moves without Reliance and HDFC Bank (the highest weighted stocks from both the major indices) not really performing as they should have been.

It’s natural to be puzzled by these questions, but we’re here to help! Read everything you need to know about the markets in five minutes in this edition of Market Chronicles by AM & KR, where we eliminate all unnecessary noise & fluff and only focus on what matters 🙂

Shocked by the sharp correction in the stock markets on Friday? Read on! Nifty had a range-bound week and defended both sides well. With doji after doji, it may not seem that way, but the past week set an important tone with the tough fight between the bulls and bears and high uncertainty. This puts the coming trading week in a tight spot. 11380 is a serious resistance level, and it being taken out should see a swift up-move till 11630. On the downside, 10900 should be defended for the trend to be intact. This makes navigating this coming week especially challenging – do you buy on the dip? Or do you exit while you still can? Read this short article to understand our rationale and analysis!