Dramatic Move Followed by Range Bound Market

Dramatic Move Followed by Range Bound Market

Weekly Market Recap Well, after the government measures announced last Friday, the market moved in a dramatic fashion on Monday as NIFTY opened +100 points higher and then tanked -100 points and finally closed +200 points in the end. I think, the government measures...
Market Plunged, but off its Low..

Market Plunged, but off its Low..

Weekly Market Recap This week, I was expecting the range bound scenario for the market (indices), however, on Thursday Nifty closed down below the last week’s low, further, on Friday price gapped down and plunged sharply, but that ended soon, thanks to the government...
Roller-Coaster Ride Without Significant Changes In Price..!!

Roller-Coaster Ride Without Significant Changes In Price..!!

Weekly Market Recap Last week, I wrote, we may see arrange bound action this week in between high and low of last week, and this week price action was mostly in line with my expectation. After having a roller-coaster ride, indices closed with a net change of less than...
Market Likely to be in a Range for Next Few Days..!!

Market Likely to be in a Range for Next Few Days..!!

Weekly Market Recap As I mentioned last week, indicators on charts were suggesting over-sold condition that could lead to some kind of bounce-off, so as happened this week. In the week gone by, the benchmark SENSEX ended up with a gain of 463 points, or 1.25% at...
Degringolade..!!

Degringolade..!!

Weekly Market Recap Another week of degringolade for the market, means there was quick deterioration or breakdown of circumstance or price. Finally, NIFTY lost 11K mark which looks like a crucial, but not to me, it’s just a figure on the way down and I was expecting...