Jun 11, 2023 | Strategy
Weekly Market Recap Looks like a lot has happened this past week but the net weekly change was inconsequential in line with the previous week’s muted action. In the first half of the week, NIFTY rose significantly almost up to the previous all-time high, and in...
Jun 4, 2023 | Strategy
Weekly Market Recap It was a muted week for the market as the major indices tend to absorb the previous week’s solid gain which has resulted in a flat closing for the market. However, beneath the surface few stocks continued to make new highs or 52-week highs,...
May 28, 2023 | Strategy
Weekly Market Recap Last week, I found a slightly bearish configuration on the market which appeared to have changed drastically this week. The change of setup is not completely surprising since NIFTY demonstrated some support at 21-day EMA (purple line) last week,...
May 21, 2023 | Strategy
Weekly Market Recap Last week, I pointed out that despite rising the prices, the market wobbled as the internal conditions were getting weaker, as a result, this week started off on a positive note but continued to drift lower since Tuesday. The first time, we have...
May 14, 2023 | Strategy
Weekly Market Recap Last week, we saw a sharp move up and down on price action with no change on the indices on a weekly basis which made me think that the markets have entered the supply zone, however, this past week, the indices not only resumed their uptrend but...
May 7, 2023 | Strategy
Weekly Market Recap The market has had quite a week. It looks like a lot has happened during the week, but nothing happened decisively on a weekly basis as the indices closed almost flat after having a roller-coaster ride. The show-stopper was the BANKNIFTY where...
