Weekly Market Recap It was quite a volatile week for the market. After a truncated last week, NIFTY started off strongly on a positive note, but the upside momentum got reversed the next day and NIFTY continued to slip till Thursday. However, the sharp rebound...

Weekly Market Recap In this truncated week, NIFTY continued to hover at the support zone (green line) which is 50-day SMA (simple moving average) as we can see in the chart below. As I have mentioned earlier, this has been the solid support zone for the NIFTY in the...

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,...

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 rise...

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...