The market action during the week gone by was largely on the anticipated lines. In our previous weekly note, we had mentioned that the market was firmly placed, but at the same time looked overstretched on the short-term charts. It was also mentioned in that note that in case of any bounce, Nifty will face … Read more
In a yet another buoyant session, Nifty on Thursday had a trending day as weekly options expired, as went on the end the session with gains. The market saw a positive start and traded in a rising trajectory throughout the session. After a sharp up-move in the first half, the market spent a major part … Read more
The domestic equity market ended with gains for the fourth week in a row, as Nifty extended its up-move. However, unlike the previous week, the trading range narrowed considerably, and the momentum appeared to be losing its strength as well. Compared with a 400-point trading range seen in the week before, Nifty this time oscillated … Read more