Oct 18, 2020 | Strategy
Weekly Market Recap It was quite a week for the market. Nifty had a rollercoaster ride; in a same day it crossed above 12000 mark and fell back to below 11700 and posted a biggest one day fall in last two months. It happened on weekly F&O expiry day Thursday,...
Oct 11, 2020 | Strategy
Weekly Market Recap In my last note, I pointed about the plausible overhead resistance red horizontal line on the chart and presumed the cup is half full unless NIFTY break above that crucial resistance as the same zone has acted as a major support in the past. This...
Oct 4, 2020 | Strategy
Weekly Market Recap The bounce off this week was as sharp as the correction occurred last week, however, NIFTY still has to recover few more points to recoup the last week loss. Nevertheless, it was a decent rally NIFTY broke out above the 50-day SMA and closed the...
Sep 26, 2020 | Strategy
Weekly Market Recap Since past three weeks, I have been talking about bearish engulfing candle formed on weekly chart and based on its credibility in past five years, I expected market to follow the same route that is pull back of some magnitude. I would say, what a...
Sep 20, 2020 | Strategy
Weekly Market Recap It’s been an almost inconsequential week for the market especially for the major indices with an alternate days of gain and loss. Although, the upside downside movement was quite fickle as NIFTY kept reversing frivolously from the lows and highs of...
Sep 12, 2020 | Strategy
Weekly Market Recap Based on last week market action and bearish engulfing candle formation on the weekly chart I expected a reversal in the NIFTY as the same kind of bearish pattern in the past (blue arrows) has consistently ended up with the sharp correction or pull...
