Noise is Preposterous!

Noise is Preposterous!

Weekly Market Recap My warning came just right on time! For the past few weeks, I have been concluding on a cautious note and emphasizing to exit or reduce long exposure to the minimum. After having a roller-coaster ride last week, this week was no different, except...
It’s a Roller-coaster Ride

It’s a Roller-coaster Ride

Weekly Market Recap It was quite a volatile week for the market. The NIFTY started the week with the torrential fall; however, it got reversed sharply the next day and managed to recoup all its losses in a single day. The rest of the week NIFTY hovered sideways to the...
Supply Evident at Higher Level

Supply Evident at Higher Level

Weekly Market Recap In yet another volatile week we have witnessed a quite wild swing on the indices. It appeared that a lot has happened, but net change is indecisive. First two days, NIFTY plunged significantly and then rebound sharply to recoup all the losses and...
Markets Rising and Falling Sharply

Markets Rising and Falling Sharply

Weekly Market Recap It has been quite a volatile week for the market. As expected, NIFTY gained sharply from last week’s oversold reading and continued to rally post-budget, however, the sharp reversal also being witnessed thereafter consequently, indices eroded...
Is the Correction Over?

Is the Correction Over?

Weekly Market Recap Last week, I mentioned that on the long-term weekly chart NIFTY has broken the support of a rising trend line whose implication is the pullback of some magnitude is quite possible. And this week we have witnessed a sharp pullback towards the...
Mere Pullback or A Sign of Peril…?

Mere Pullback or A Sign of Peril…?

Weekly Market Recap It was quite a week for the market. Though the week started off on a positive note on Monday and suddenly turned around sharply the next day and continued to fall throughout the week; consequently, the major indices have given up their last...