Market Remains Sideways Before the Union Budget.

Market Remains Sideways Before the Union Budget.

Weekly Market Recap In yet another week of sideways movement, major indices kept hovering in a narrow range without making any significant headway. While NIFTY continued to resist in its important double top resistance zone and taking gap up support in the range of...
Pull Back Continues Amid Bounce-off..!!

Pull Back Continues Amid Bounce-off..!!

Weekly Market Recap In my previous weekly note, I had mentioned that technical configurations are weak and  I was expecting market to come down. In line with my analysis, market remained weak throughout this week except for one day sharp bounce on Thursday, that too...
Another Wide-Range Sideways week..!!

Another Wide-Range Sideways week..!!

Weekly Market Recap In yet another wide-ranging side ways week, the NIFTY oscillated in a 400-point range, ending the week with mild cut. In my previous blog, I had raised the concern about false break-out on NIFTY above 12k mark and in line with my expectation market...
Break-out and then Sharp Pull back..!!

Break-out and then Sharp Pull back..!!

Weekly Market Recap Another week of consolidation and false breakout to above 12000 mark on NIFTY. This is third week in a raw when NIFTY crossed above 12k but failed to sustain above that level, similarly, SENSEX failed to stay above 40K mark. In the week gone by,...
Indices Held Up at Higher Level, But Momentum Diminishing

Indices Held Up at Higher Level, But Momentum Diminishing

Weekly Market Recap It was another week of upside though mild for at least benchmark indices on weekly closing, amid wild swings. Market seems to have digested the general election fully and waiting for next impending direction. GDP data declared this week is not very...