Pull Back Followed by Sharp Bounced Off, What next??

Pull Back Followed by Sharp Bounced Off, What next??

Weekly Market Recap In my previous weekly note, I had expected the market to correct at least to some extent if not complete meltdown. Very much on expected line, this week market started off with pull back and drifted lower till Tuesday, however, sharp reversal...
Nifty Touch New All-Time High, But..!!

Nifty Touch New All-Time High, But..!!

Weekly Market Recap It was truncated week as market had only three trading session, but to me a lot has happened, first NIFTY made a new all-time high at 11856 and then suddenly dropped to get back below the February 2018 high, however, on positive side closing was...
Is Double Top Formation Likely In NIFTY..??

Is Double Top Formation Likely In NIFTY..??

Weekly Marker Recap Last week, I wrote about the possibility of double top on NIFTY and this week we witnessed that NIFTY faced stiff resistance precisely at the same level as can be seen in weekly chart below. Although, whole week NIFTY gyrated near the top with...
Nifty Halt at Overhead Resistance

Nifty Halt at Overhead Resistance

Weekly Market Recap Last week I wrote that I’m neutral on index, but bullish as well as bearish on particular stocks. And this week market more or less behaved in line with my expectation as Nifty kept gyrated at higher levels and there were group of stocks which...