Weekly Market Recap Well, NIFTY touched new landmark of 12000 on vote counting day that revealed BJP came back in power with majority, at one point of time NIFTY was up whopping 300 points, but couldn’t sustain at higher level and eventually closed in red. In my last...

Weekly Market Recap Since last 2 weeks I asserted that market was in the process of forming a double top, in fact last week action seems to had confirmed the double top. However, this week on Friday, market bounced-off sharply before the exit poll hit the tickers on...

Weekly Market Recap A few weeks ago, when the market began challenging the 2018 price highs, I pointed out that there was a potential for a double top. This week, double top on NIFTY and SENSEX seems to have confirmed after falling sharply from the overhead...

Weekly Market Recap In a yet another truncated three days week, indices headed nowhere but had slightly negative biased. In my last two weekly blogs, I have been writing about possibility of NIFTY failing to break above double top formation which we can see on the...

Weekly Market Recap In my previous weekly note, I had expected the market to correct at least to some extent if not complete meltdown. Very much on expected line, this week market started off with pull back and drifted lower till Tuesday, however, sharp reversal...