Accumulation or Distribution..??
Weekly Market Recap This week was expected to begin with gain in the continuation of last two days rally in previous week. In spite of strong opening this week, Indices couldn’t manage to hold on to their early gain; In fact we saw modest pull back on Thursday and...
read moreMarket Approaching Overhead Resistance
Weekly Market Recap As expected this week started off negatively in the backdrop of weak market breadth and more lows versus more highs, however, indices managed to recover all losses in last three consecutive sessions and closed in green. Pharmaceuticals, which...
read moreMore Stocks Are Making New Lows
Weekly Market Summary What we got on the first trading day of this week was a positive start with a gap-up on Nifty and Sensex, and next two days we saw a pull-back of 1.2 per cent, and on Thursday, future and options expiry day, we saw a sudden and sharp surge on...
read moreHighly Volatile, Yet Indecisive Week
Weekly Market Summary This week looks like a lot has happened, but nothing has happened with Indices, market or Nifty started off with negative biased as I expected and selling intensified during mid of the week, however, buying interest returned at lower levels and...
read moreMarket Breadth Apprises Impediment Ahead.
Weekly Market Summary: For the last weeks, I have been writing that markets are moving higher opposite to my expectation; however, I didn’t give up the idea of impending correction or a pull back of, at least to some extent. Market might have taken an excuse of...
read more