The markets continued their unabated upmove. Following a strongly trending week, the Nifty not only ended at a fresh lifetime high, but it also closed with gains for the sixth consecutive week. The markets piled up decent returns despite some signs of consolidation in the second half of the week. The last two days were … Read more
In the past 4 out of 5 sessions, the market went through corrective declines. The trading range also widened on the expected lines as Nifty oscillated in a 537-point range over the past week. The headline index closed on a negative note, losing 518 points (-2.57%) on a weekly basis. The monthly derivatives expiry is … Read more
After rising for three weeks in a row, the Indian equities took a breather as they ended the week on a negative note. There has been a slight divergence between the Indian and global markets. Structurally speaking, SPX and other key European indices like DAX look stronger than Nifty. However, it can be said that … Read more
After taking support near the key levels on the charts, Nifty finally resumed its up move as it ended the weak on a decently positive note. The last three weeks had seen the index taking support at its 20-week MA. Finally, following the moves that it has seen over the past weeks, Nifty is now … Read more