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Markets so far going by the adage; Sell in May and go away
During the previous week, the stock prices had confirmed a bullish reversal pattern breakout known as ‘Double Bottom’
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Market is trading at upper band as sentiment is improving
In the last 5months, the Indian market was trading in a channel with a negative bias. Today, we are at the upper band of that channel.
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Indecisive moves within a range: Rajesh Bhosale
The apt strategy would be to focus on Themes that are likely to perform during the sector churning
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Financial markets remain under pressure of Geopolitical concerns
By breaking below the key support the prices have confirmed a ‘Cup N Handle’ bearish breakdown
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Escalated geopolitical tensions triggers volatility
On the daily chart, we are witnessing a structural bottom formation that is witnessed with good increase in volumes this augurs well for the bulls
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Action packed week amid geopolitical tensions
In the last one month the stock prices have sharply corrected after marking an all time high around the 1300 levels
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Going ahead, domestic market will follow the feeble global trend
The start of Q3 results was well supported by the good results of evergreen IT sector & commentary
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2021 ends on a high note despite of recent correction
To conclude, we sense benchmark Nifty headed for the pre-budget rally and the levels to be seen in the near term would be 17550 - 17600
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Nifty outlook: A remarkable comeback by bulls after Monday’s fiasco
Certainly, bears have lost the momentum as we do see a formation of ‘Bullish Hammer’ on the weekly chart however we are still not out of woods
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Spectacular recovery by bulls after an initial hiccup; Nifty reclaims 17500
Despite strong global cues, our markets started the week on a negative note and slipped further to close at the lowest level in the last three months around the 16,900 mark. The action was not done yet as further improvement in the global cues couldn’t keep our markets lower and a sharp rally in the […]
