Jul 3, 2022 | Strategy
Weekly Market Recap It was a choppy week for the market where indices throughout the week opened lower but managed to recover till closing as a result the net change was nominal. Friday was exceptionally volatile where NIFTY dived in an early session to make an...
Jun 26, 2022 | Strategy
Weekly Market Recap Indices had their first gain in three weeks and recouped half of the previous week’s big losses. Most beaten-down stocks technology and financials contributed the most followed by autos and FMCG. While cement and metals continued to hover...
Jun 19, 2022 | Strategy
Weekly Market Recap Market wobbled and tumbled as a result the indices tanked over 5% this week. Since the rally failed at a crucial resistance level in the last penultimate week, NIFTY has been continuously drifting lower and broke below the major double-bottom...
Jun 12, 2022 | Strategy
Weekly Market Recap Last week I wrote, that the rally faced a stiff headwind at the crucial resistance level. NIFTY failed to cross that resistance which is falling 50-day SMA (green line) and moved sharply lower this week. This is hardly surprising because the Market...
Jun 5, 2022 | Strategy
Weekly Market Recap NIFTY, since accumulating at a lower level in the past few weeks gathered some stream and broke out above the 16400 level on Monday. Breaking above that level, it was expected that the rally may further extend to a higher level. Although it stayed...
May 29, 2022 | Strategy
Weekly Market Recap Last week, I wrote about diminishing downside momentum and the possibility of double-bottom formation, and this week we saw NIFTY gradually pullback towards the lower end of the range only to recover sharply to the highest point of the last two...
