Technical Report: Derivative Research Report

Our markets did not have a great start for the week but certainly the New year kicked in with a lot of hopes and buoyancy, especially on Thursday. Nifty not only managed to defend the 23500 mark but went on to challenge the key intermediate resistance of 24200 – 24300. However, with some sluggishness on Friday, the Nifty …

Our markets did not have a great start for the week but certainly the New year kicked in with a lot of hopes and buoyancy, especially on Thursday. Nifty not only managed to defend the 23500 mark but went on to challenge the key intermediate resistance of 24200 – 24300. However, with some sluggishness on Friday, the Nifty …

The Indian equity markets showcased an impressive trading session, with bullish sentiment driving the day’s performance. Throughout the day, buyers dominated the market, leading to a strong finish. As a result, the benchmark index concluded the first weekly expiry of 2025 on a positive note, gaining nearly 2 percent to settle just shy of the 24200 subzone.

Major Asian bourses remained closed for the New Year, and in the absence of any significant triggers, our markets opened on a flat note to kick off 2025. In the initial minutes, prices dipped to mark an intraday low of 23562 but quickly recovered in a V-shaped manner, surpassing the 23800 mark. However, the final …

The final series of the 2024 calendar year was marked by significant volatility. The Nifty index saw some buying interest, briefly reclaiming the 24,850 level, but encountered strong resistance in that range for the next two weeks. This led to a sharp sell-off, pushing the index down to test the 24,000 mark and eventually plunging …

The Indian markets experienced a gap-down opening in the last trading session of 2024, primarily due to negative global cues. Despite this initial setback, the bulls mounted a strong effort to recover lost ground, resulting in a modest rebound throughout the day. However, on the monthly chart, bearish momentum continues as Nifty closed with a …

The weak global sentiments over the weekend led to a bleak start for the Indian markets. The initial dip in the benchmark index was quickly bought up, causing the index to move toward the 200-day SMA. However, this momentum was short-lived, leading to a decline of over 300 points during intraday trading. Amidst this volatile …

Following the sharp sell-off last Friday, the benchmark index commenced the new trading week with a gap-up opening on Monday. However, the momentum faded as prices traded within a narrow range of 200 points for the first three sessions. On Friday, the index made an attempt to extend Monday’s gains but ended the session subdued, …

Following the sharp sell-off last Friday, the benchmark index commenced the new trading week with a gap-up opening on Monday. However, the momentum faded as prices traded within a narrow range of 200 points for the first three sessions. On Friday, the index made an attempt to extend Monday’s gains but ended the session subdued, …

After the mid-week holiday, Nifty opened on a positive note but failed to surpass the intra-week high, gradually slipping lower to erase the morning gains. Subsequently, prices moved within a narrow range of 100 points, ultimately closing with minor gains of 0.15% at 23750.

In the absence of significant triggers, the benchmark index Nifty opened on a flat note. During the initial hours, it attempted a recovery but failed to breach key intraday levels, gradually sliding lower throughout the session. By the close, Nifty registered a minor loss of 0.10%, ending at 23728.

The GIFT NIFTY indicated a strong start to the shortened week, drawing insights from positive global developments over the weekend, which helped our key indices begin on a firm note. The benchmark index initially exhibited modest recovery toward the 200-day SMA, but soon profit booking crippled in, leading to whipsaw moves. Eventually, the index managed …