Weekly Market Recap The week that finally bounced! that too sharply. It is always difficult to buy the stocks near lows except few as we afraid of further drops. And I think that was the case for the bounce we experienced this week. The benchmark Sensex witnessed a...

Weekly Market Recap Last week, I wrote that I wouldn’t be surprised if market failed to hold the support of recent lows made a week ago and this week market action was so severe, but it didn’t surprise me. In the week gone by, the benchmark Sensex lost 966 points or...

Weekly market Recap Despite a good bounce off last week, a sharp decline on Wednesday and Friday took it all back, and the market finished the week in red. Last week, I was expecting some choppy session going ahead for a retest of last week low, but we got the retest...

Weekly Market Recap Last week, I wrote that we may see a short-term bottom next week; this appeared to be true this week, Nifty, after surviving the recent lows in Thursday trade at 10139, managed to bounce-off sharply to close at 10473 on Friday. (see the chart...

Weekly Market Recap It was again a brutal week of many areas of stock market, mostly for oil marketing companies like BPCL, IOC and HPCL; all were down by more than 30% in last 2 days as they have to absorb the burden of Re 1 per litre of fuel sold. In terms of...