Weekly Market Recap This week started off with muted action and remained in a narrow range till Thursday, perhaps trying to digest the past few week's solid gains, but an impetuous move came in on Friday that took the indices to new all-time highs. This last-day rally...

Weekly Market Recap In yet another strong week the bulls feverishly extended their move to reach new highs bucking the global markets which have shown some weakness this week. However, some profit booking took place on Friday as a result indices alleviate half of its...

Weekly Market Recap Finally, the bulls moved ostentatiously to take out the indices to new all-time highs. In the past two weeks, we have seen a drastic change in the market conditions; where last week there was a brief yet strong countertrend pullback precisely from...

Weekly Market Recap Indices ebbed off after reaching the previous high as a result the double-top formation is quite evident as we can see in the chart below. With this formation, NIFTY has defined its overhead resistance which seems to be quite challenging now. In...

Weekly Market Recap Looks like a lot has happened this past week but the net weekly change was inconsequential in line with the previous week's muted action. In the first half of the week, NIFTY rose significantly almost up to the previous all-time high, and in the...