October Begins Strong Rally In fashion; Nifty Bounce Back to near 10K mark
Market Recap: It was positive start of October, on Tuesday for the market and the rally became stronger and impervious till end of the week. On Friday, the sensex closed at 31,814.22, after gaining 530.5 points in past week, similarly, Nifty50 closed at 9979.7 after...
read moreMarket posts worst weekly loss, missed a break down by a razor thin margin.
Market Recap: Before I sum up the last week action I am taking exactly the same line from my previous blog, “My experience says that, a failed break out, most of the time if not always end up with a fresh breakdown, which is below 9686 (August low)”. As I warned, On...
read moreFailed Breakout Turn into Steep Selling, Metals Hit Hard
Market Recap: Last week I wrote that, although market is inching higher but market breadth (net of advances and decline) or AD ratio on NSE was not impressive, barely 1:1, which indicate some internal weakness was prevailing, perhaps smart money was looking up ways to...
read moreMarket post best weekly gain despite higher inflation and soaring CAD
Market Recap: The market put up their best weekly performance in last two months, with Sensex and Nifty gained 1.8% and 1.5% respectively. Beaten-down sectors like technology and pharma drove the rally last week. Although knee-jerk reaction was seen on Friday opening...
read moreTough Fight b/w BULL & BEAR; NBFC’s & Housing Finance Group Emerging as a Leader.!!
Market Recap: Last Friday on 1-sep, market again showed a sign of strength, however, the past week was mostly sideways in a narrow range. There was a tough fight between bull and bear. Most interestingly, past week action was just further confirmation of strengthening...
read more