Markets Remains Sideways to Choppy

Markets Remains Sideways to Choppy

Weekly Market Recap The market underwent the consolidation phase for the second week in a row, though the week started off with a sharp pullback as expected towards the level from where the lopsided rally began in early September to an all-time high, however; indices...
Setup Indicating Significant Pullback

Setup Indicating Significant Pullback

Weekly Market Recap It was a muted week for the market after having a torrential fall in the past week which was followed by a stupendous rise. We have been experiencing a quite volatile market for the past three weeks, but that is not too surprising given the way...
Indices Hit a New Milestone

Indices Hit a New Milestone

Weekly Market Recap This past week has been quite exceptional for the market as NIFTY achieved a new milestone of crossing above 20K mark and comfortably sustained above that. Despite mixed global clues, Indian markets outperformed their global peers by a wide margin...
Bulls Resuscitate, What Next?

Bulls Resuscitate, What Next?

Weekly Market Recap After Having a decent correction for five consecutive weeks until the last penultimate week, finally, the bulls were resuscitated at the lower level to find their way towards their previous all-time high that occurred in July. In fact, the NIFTY...
Markets Likely to Correct Further

Markets Likely to Correct Further

Weekly Market Recap It was quite a week for the market. Looks like a lot has happened this week as NIFTY bounced off nicely from last week’s low up to the middle of the range, however, the upside momentum tends to get atrophy by the end of the week as a result the...
Markets are in Corrective Mode

Markets are in Corrective Mode

Weekly Market Recap In my last blog, I wrote that the probability of further corrective action is quite likely provided the then technical configuration, and in the past two weeks we have seen significant progress in corrective action amid choppiness. Although there...