This ongoing weakness has effect large caps more this week
By breaking below the key support the prices have confirmed a ‘Cup N Handle’ bearish breakdown
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
This is expected to further continue in the coming quarters
In the last one month the stock prices have sharply corrected after marking an all time high around the 1300 levels
Based on inflation worries over the last few months, the US Fed is going to respond with rate hikes
A couple of days before the budget, the market started trading well in anticipation of a positive budget
Nifty50, driven by budget and global sentiments, rallied during the first half and closed the week on a positive note
The start of Q3 results was well supported by the good results of evergreen IT sector & commentary
Not all investors get allotment of IPOs. There are few reasons why one fails to get allotment.