Weekly market Recap I concluded the last blog by saying “let see how the market react next week”, perhaps! We got the answer, but not fully. For past few weeks I have been showing my concern on the weakness on financials; specially private lenders, since first time I...

Weekly Market Recap Last week, I wrote “the issue with the VIX (volatility Index) combine with negative technical formation on chart does make me to think about further pullback or weakness on benchmark indices” (refer my previous blog, dated 10-sep) and this week...

Weekly Market Recap Since last 2 weeks, I had been writing that I am expecting correction in benchmark indices led by correction in bank nifty; especially in private banks and my expectation fulfilled this week. However, market has managed to recoup half of their...

Weekly Market Recap Last week, I wrote that I was expecting a pullback or correction in Banknifty on the back of correction in private banks, and eventually we could see a mild correction in Sensex and Nifty in response to Banknifty as financials has a weightage of...

Weekly Market Recap The benchmark Indices Nifty and Sensex made new this week, exceeding the record set last week. Nifty spent the truncated week marking marginal highs and continued to consolidate at higher levels. Sensex ended the week 303 points or .80% higher,...