Downside Momentum Diminish

Downside Momentum Diminish

Weekly Market Recap In my last weekly note, I mentioned possible double-bottom formation on the daily chart as sentiment and indicators have reached the meaningful bottoms. This week’s price behaved mostly in line with my expectation; NIFTY bounced off...
Market Continue to Slide…

Market Continue to Slide…

Weekly Market Recap It was quite a volatile week where indices mostly have a positive opening but couldn’t sustain till the end of the day and continued to slide until the last day of the week. It was the fifth consecutive down week on NIFTY since the third phase of...
Market Has Torrential Fall

Market Has Torrential Fall

Weekly Market Recap For the past few weeks, I have alerted…! my sincere readers and clients that something untoward and perplexing is happening in the market which is not propitious for the bulls and investors should try to exit at higher levels. Looks like my...
Relentless Volatile Market

Relentless Volatile Market

Weekly Market Recap Volatility continued to rule the market as there were alternate days of advance and decline on indices. It appeared like a lot has happened but the net change on indices is almost insignificant. Although, the moves on both sides were quite sharp....
Selling Evident at Higher Level

Selling Evident at Higher Level

Weekly Market Recap Well…! My concern and worries about the market appeared legitimate and intact. Though, it was quite a volatile week for the market. NIFTY started off the week with the plunge followed by a sharp recovery in the middle and then fell back again...
Sluggish Week with Downward Bias

Sluggish Week with Downward Bias

Weekly Market Recap In this truncated week, the market opened lower with sluggishness and continued to drift lower till it closed on Wednesday. Last week, I mentioned that the rally was interrupted at the crucial level and the then configuration didn’t appear to be...