Bulls Resuscitate, What Next?

Weekly Market Recap After Having a decent correction for five consecutive weeks until the last penultimate week, finally, the bulls were resuscitated at the lower level to find their way towards their previous all-time high that occurred in July. In fact, the NIFTY...

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Markets Likely to Correct Further

Weekly Market Recap It was quite a week for the market. Looks like a lot has happened this week as NIFTY bounced off nicely from last week’s low up to the middle of the range, however, the upside momentum tends to get atrophy by the end of the week as a result the...

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Markets are in Corrective Mode

Weekly Market Recap In my last blog, I wrote that the probability of further corrective action is quite likely provided the then technical configuration, and in the past two weeks we have seen significant progress in corrective action amid choppiness. Although there...

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Just a Pause or a Sign of Reversal?

Weekly Market Recap Finally, we saw a mild correction in indices after having a boisterous five consecutive week rally. Last week, the party was disrupted by IT stocks which were followed by a sharp reversal in NIFTY from the brink of the 20K mark. And this week that...

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Party Disrupted by Tech Stocks

Weekly Market Recap In yet another strong week indices continued to surge to a fresh all-time high till Thursday – the NIFTY touched the brink of the 20K mark - extending its record-breaking run to the fourth consecutive week. However, the party was disrupted on...

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