NIFTY Hit Fresh Highs

NIFTY Hit Fresh Highs

Weekly Market Recap Precisely in line with my analysis and expectation, NIFTY surpassed the previous peak and hit a fresh high this week, although both SENSEX and BANKNIFTY have yet to reclaim its previous peak. It infers that rally is not contained only to the...
Financials Rebound Feverishly

Financials Rebound Feverishly

Weekly Market Recap It has been quite volatile and interesting week for the market, as NIFTY started off quite well then wobbled during the week, but finally ended up with solid gains. As I wrote, much depends on financial stocks, it was the week belongs to them as...
NIFTY Once Again Skid Before the Take-Off

NIFTY Once Again Skid Before the Take-Off

Weekly Market Recap The upside momentum accelerated last week seems to have deteriorated as NIFTY skid back into the falling channel after making a serious attempt last week. It was the third breakout attempt by the NIFTY since this channel has been in play for quite...
Market Shrug Off COVID, Proceleusmatic Configuration

Market Shrug Off COVID, Proceleusmatic Configuration

Weekly Market Recap This week started off with gap down opening as expected based on the last week technical implication but soon managed to recoup all the losses and shrugged off negativity caused by COVID-19. Overall, it was the good week specially for most of the...
Forward & Backward Swing

Forward & Backward Swing

Weekly Market Recap As I wrote, until last week market didn’t fall in line with prevailing highly negative sentiments caused by surmounted COVID-19 related deaths on daily basis, in fact market was quite resilient and absorbed the negativity while holding the major...