Reports

Name Description Date Link
S&P Set for a Major Crash The S&P 500 index has hit a major resistance barrier in the zone of 3,220-3,250 and we think this is a maximum bear market extension zone from where prices can see a major reversal. In an ideal scenario, the reversal was expected from 3,025 levels towards a minimum target of 2,620. 31/12/2019 Download
Bulls ready for comeback The recent volatility in the overseas markets has forced Nifty to fall below 10,100 mark which not only turns out to be a long-term support zone but also coincides with earlier breakout zone in the NIFTY to USDINR Ratio. However, the NIFTY to USDINR ratio has entered the support of 1,000-day SMA which marks a case of extreme oversold zone. 29/10/2018 Download
Sectoral Theme- to play the rebound In the current market scenario where, Nifty index has been battered 13 pct from all-time highs, but few sectoral indices are still showing decent scope of pullback which can be part of bear market rally within various sectors. Check report for details 08/10/2018 Download
Bit more downside… before a pullback Further to our recent report which suggested that Nifty is expected to decline towards 10,750-10,850 levels before resuming its journey towards, the recent turn of events triggered by IL&FS credit crunch or sell off in NBFCs suggests that some steam is left on the downside before we see a meaningful recovery. We now believe that our earlier estimation of decline in NIFTY towards a target of 10,700-10,750 levels can be further extended lower towards 10,500-10,600 levels. 03/10/2018 Download
Weak Rupee may reverse NIFTY breakout The earlier breakout in Nifty from 11,350-11,700 zone (refer our report dated Sept 06, 2018) which had opened a smooth journey towards 12,100 has turned void. Sudden change in open interest data suggests short-term pain for the market. This is after the open interest tally dipped below 2.67 crore mark with decline in Nifty Futures below 11,400 levels. This data suggests that long positions which was piled up at higher levels were forced to liquidate after major set-back in the rupee. In an ideal case, this long addition has scope to expand all the way to 3.75 crore similar to what we saw in Jan 2015. The breach of 72 on closing basis in the rupee has created some panic in debt market and this could have resulted in risk-off trade. 19/09/2018 Download
Nifty where next from here? One may find Nifty expensive at 11,500, but in dollar terms, Nifty has corrected towards levels prevailing in December 2017 which is around 10,200. With USDINR trading at 72 levels, currently implied Nifty is trading at around 10,200 and has scope for rally towards 12,800-12,900 in actual terms. 06/09/2018 Download
Update- Tactical Buy on Commodity Stocks The Index Genius Commodity Index has achieved the expected target and has gaining 16.5% from the recommended price. Although further gains are not ruled out, but the risk-reward ratio from current levels remains un-favorable and profit booking is suggested at current levels. 29/08/2018 Download
Nifty Update Nifty rally may extend towards 11,650 before we see some breather 21/08/2018 Download
Nifty MNC Index- Trading Idea Nifty MNC index which has spent 6 months in consolidation comprise of blend of consumption and commodity stocks. These have completed bullish accumulation phase and could be heading for at least 10% upside in the near term. 03/08/2018 Download
Equity & Currency Strategy We believe 4 month phase of absurd volatility could be finally coming to an end as Nifty 50 index (Nifty) has managed to close above 10,580 for 8 consecutive weeks. 20/07/2018 Download
Tactical Sector BUY- Private Large Cap Commodities Nifty Commodities index in the past 6 months has seen a decline of 20%, thus testing support of long term bear market. 09/07/2018 Download
Currency Pair Trade-Buy GBPJPY Recent depreciation of GBPUSD from two months high of 1.437 to 1.315 has marked completion of second degree bottom in the near term. 02/07/2018 Download