Oct 28, 2018 | Strategy
Weekly Market Recap Last week, I wrote that I wouldn’t be surprised if market failed to hold the support of recent lows made a week ago and this week market action was so severe, but it didn’t surprise me. In the week gone by, the benchmark Sensex lost 966 points or...
Oct 20, 2018 | Strategy
Weekly market Recap Despite a good bounce off last week, a sharp decline on Wednesday and Friday took it all back, and the market finished the week in red. Last week, I was expecting some choppy session going ahead for a retest of last week low, but we got the retest...
Oct 14, 2018 | Strategy
Weekly Market Recap Last week, I wrote that we may see a short-term bottom next week; this appeared to be true this week, Nifty, after surviving the recent lows in Thursday trade at 10139, managed to bounce-off sharply to close at 10473 on Friday. (see the chart...
Oct 7, 2018 | Strategy
Weekly Market Recap It was again a brutal week of many areas of stock market, mostly for oil marketing companies like BPCL, IOC and HPCL; all were down by more than 30% in last 2 days as they have to absorb the burden of Re 1 per litre of fuel sold. In terms of...
