Weekly Market Recap Last week I wrote, that the rally faced a stiff headwind at the crucial resistance level. NIFTY failed to cross that resistance which is falling 50-day SMA (green line) and moved sharply lower this week. This is hardly surprising because the Market...

Weekly Market Recap NIFTY, since accumulating at a lower level in the past few weeks gathered some stream and broke out above the 16400 level on Monday. Breaking above that level, it was expected that the rally may further extend to a higher level. Although it stayed...

Weekly Market Recap Last week, I wrote about diminishing downside momentum and the possibility of double-bottom formation, and this week we saw NIFTY gradually pullback towards the lower end of the range only to recover sharply to the highest point of the last two...

Weekly Market Recap In my last weekly note, I mentioned possible double-bottom formation on the daily chart as sentiment and indicators have reached the meaningful bottoms. This week's price behaved mostly in line with my expectation; NIFTY bounced off feverishly...

Weekly Market Recap It was quite a volatile week where indices mostly have a positive opening but couldn’t sustain till the end of the day and continued to slide until the last day of the week. It was the fifth consecutive down week on NIFTY since the third phase of...