Market Posted Another Strong Week

Market Posted Another Strong Week

Weekly Market Recap In line with my expectation, market posted yet another strong week in which major indices continued to rally towards its previous high. NIFTY fell more than 40% in March is only 10% down from its all-time high of 12400 which is quite surprising and...
Advance Getting Vertical

Advance Getting Vertical

Weekly Market Recap Bulls which appeared to have loosen the grip in the beginning of this week, resurgent ostentatiously as the week progress to not only thwart the bears attempt, but ostensibly emerged as a conquistador by posting a fifth weekly winning streak in a...
Blend Persistence with Experiment

Blend Persistence with Experiment

Weekly Market Recap In yet, another strong week the major indices are on their way to gain further as expected. This is seventh consecutive weekly gain except for one-week shake-out kind of pause since blow-off kind of rally started from the level of 9000 in NIFTY and...
Rally Continued! Can we go Higher?

Rally Continued! Can we go Higher?

Weekly Market Recap Market continued to rally this week in line with my expectation, as I observed and wrote last week that selling is being absorbed at higher level despite having negative news about the economy which can turn out to be spike in stock prices. This is...
Market Bias Positive Amid Negativity

Market Bias Positive Amid Negativity

Weekly Market Recap Last week, I expected this week to be crucial for defining a next course of direction for the market as NIFTY was hovering at important overhead resistance which is 200 week SMA, though NIFTY managed to cross and marginally closed above that level,...
Exuberance Still Prevalent

Exuberance Still Prevalent

Weekly Market Recap In my last blog, I concluded with the note of caution…! and expected the market to reverse based on given technical configuration. Though, as expected, the week started off with weakness but concluded with exuberance and made it another...