Stocks and Indices Retesting the Lows

Stocks and Indices Retesting the Lows

Weekly Market Recap The market once again wobbled and reversed the bounce that occurred last week as a result stocks and indices are approaching retesting the recent lows. The downside momentum was quite strong as NIFTY lost last week’s gain just in the last two...
Indices Rebound After Hitting a Critical Juncture

Indices Rebound After Hitting a Critical Juncture

Weekly Market Recap After having a false breakout above the falling trend line last week indices witnessed a cascading fall, however, soon after a touching new low below the 200-day SMA, NIFTY seems to have found support and bounced nicely. In the week gone by the...
Deep Correction is Likely

Deep Correction is Likely

Weekly Market Recap In my last weekly note, I wrote about the possibility false breakout and this week’s market action veritably approved that. This week started off with selling pressure which only gets intensified in the middle till the end as a result indices...
Possibility of False Break-Out…!!

Possibility of False Break-Out…!!

Weekly Market Recap This week started off on a negative note but reversed sharply thereafter and rise strongly till the mid of the week but by Friday NIFTY gave up half of its gain and closed on a weak note. Still, the gain amid pessimism is decent. In the week gone...
Market Stabilized, VIX Alleviated

Market Stabilized, VIX Alleviated

Weekly Market Recap After having quite volatile sessions in past two weeks the market exhibited a muted response this week along with a significant decline in volatility. Although the week started off with some pull back but remained in a narrow range and finished in...
Market Took a Roller-Coaster Ride

Market Took a Roller-Coaster Ride

Weekly Market Recap It was quite a volatile week for the market as it had a perfect roller-coaster ride with alternate days of rise and fall; having wild swings between the support and resistance which eventually ended up with a decent gain.   In the week gone by...