Rally Once Again Stopped at Previous Resistance..!!

Rally Once Again Stopped at Previous Resistance..!!

Weekly Market Recap It was truncated week as the market was closed on Monday, yet broader indices managed to post a solid gain on weekly basis. Nifty rallied sharply on Tuesday and Wednesday, although the last two sessions spent sideways. In a 4-day week, the...
LoC Tension reflects in the Market..!!

LoC Tension reflects in the Market..!!

Weekly Market Recap It was the quite volatile week for the market amidst border tension between India and Pakistan. For most of the week both major Indices, Sensex and Nifty had a wild swing during intraday that oscillated between positive and negative territory....
Once again Nifty Bounce-Off from Support..!!

Once again Nifty Bounce-Off from Support..!!

Weekly Market Recap This week market (Nifty and Sensex) started off  started off on a negative note and drifted lower to the lower end of the range i.e. 10600 for the NIfty, however, eventually bounced-off sharply from the horizontal support up to the middle of the...
Weakness Spreading into the Market..!!

Weakness Spreading into the Market..!!

Weekly Market Recap Last week, I wrote that “false breakout often followed by above-average price trend in the opposite direction of the original signal”.  And as I expected, the market (Sensex and Nifty) started off in negative territory on Monday and continued to...
False Breakout Followed by Nasty Decline..!!

False Breakout Followed by Nasty Decline..!!

Weekly Market Recap This week, market (Sensex and Nifty) started off on a positive note and Nifty gave a solid and crucial break-out above over-head resistance at 11000 (about which I have been writing for quite some time), however, break-out couldn’t sustain for more...
Earnings, Interim Budget Fuelled the Volatility..!!

Earnings, Interim Budget Fuelled the Volatility..!!

Weekly Market Recap As expected, market remained volatile throughout the week on the back of interim union budget. On Monday, market opened on negative note and hovered near the lower range for next two days with slight up move, but with negative biased; however,...