No Clear Sign of Topping, But Conditions Developing
Happy New Year to All Weekly Market Recap The stock market has entered the classic momentum run at the year's end where daily gains become commonplace and it feels as if the market can never fall again. This week was no different as weekly, monthly, and yearly closing...
read moreClimactic Surge Followed by Sharp Opposite Reaction
Weekly Market Recap We have witnessed an ostentatious yet stupendous rally in the past few weeks which has led to the climactic surge early this week that was followed by a sharp reaction in the opposite direction as a result NIFTY posted a first weekly negative...
read moreBreak-Out Leads to New High
Weekly Market Recap It has been quite a strong week for the market as NIFTY has reached an all-time high level. After consolidating in a narrow range under the resistance in the previous week, the market began with a strong opening on Tuesday, followed by a strenuous...
read moreIndices Halted at Another Resistance
Weekly Market Recap In the past month, we have seen a meaningful rally from the October low, and the NIFTY crossed the first major resistance (blue horizontal line) last week which I expected to happen as I mentioned in my last blog. This week, indices remained...
read moreIndices Hovering at Key Resistance Level
Happy Diwali to All Weekly Market Recap Last week, indices rallied considerably well from the key support level, and with that push the NIFTY rallied to the key resistance level. And NIFTY kept hovering around the resistance throughout this week in a narrow range. In...
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