A Sign of Reversal After an Occlusion

A Sign of Reversal After an Occlusion

Weekly Market Recap It was quite a week for the market. There was a bull/bear battle every day since the NIFTY faced an occlusion and stalled last week. This week, the market dropped Monday and Thursday, creating a weekly down candle to follow last week’s stall....
Finally, Bulls Faced an Occlusion

Finally, Bulls Faced an Occlusion

Weekly Market Recap Finally, after rising persistently and vertically in the last four weeks, bulls faced an occlusion. The upside momentum was so high as NIFTY easily managed to cross the key resistance level of the upper band of the channel, though it couldn’t...
Upside Momentum Intact

Upside Momentum Intact

Weekly Market Recap In yet another strong week, indices continued to move higher and signal the end of the correction period or a cyclical bear market that started in October last year from its peak. I think the gain occurred preceding the news of a slight easing of...
Indices Continue to Gain

Indices Continue to Gain

Weekly Market Recap As expected, the bull run in stocks continued to carry on this week, though we saw a sharp knee-jerk reaction on the weekly expiry day on Thursday, however, NIFTY managed to recover and closed near the high point of the week. Growth stocks, in...