Oct 31, 2021 | Strategy
Weekly Market Recap As I wrote last week, the bullish momentum disappeared, and divergence appeared along with the large number of stocks that have exhibited a similar pattern of corrective action that may lead to a sharp pullback in the forthcoming week. This week,...
Oct 24, 2021 | Strategy
Weekly Market Recap This week’s reaction was precisely opposite to the last action. As we can see the shaded portion in the chart below, last week NIFTY persistently went up with gap opening each day; this week it has reversed sharply and vanished the meteoric...
Oct 17, 2021 | Strategy
Weekly Market Recap It was quite a week for the market. The major indices continued to surge to a new all-time high in an ostentatious manner led by banking and IT stocks. Although IT stocks witnessed a sharp correction on Monday led by TCS after earnings declared...
Oct 10, 2021 | Strategy
Weekly Market Recap Markets Rebound sharply after last week’s pullback just before the earnings season kicked off and attained its highest ever closing on a daily and weekly basis. Though it was quite a volatile week with sharp pullbacks during the middle of the...
Oct 3, 2021 | Strategy
Weekly Market Recap Finally, the market broke the eight-week winning streak and corrected sharply from its high which has relieved over-bought conditions to some extent. Indices opened slightly higher from last week’s closing and then persistently drifted lower...
