Weekly Report on 04.02.2019
Nifty (CMP: 10934) Last week witnessed bulls’ return as Nifty is about to take out its September high. A closing for Nifty above 11020 will reinstate strength. We should now approach the market as one to buy on declines, supports exist at 10840, 10770 & 10690. The...
Weekly Report on 21.01.2019
Nifty (CMP: 10961) Last week witnessed bulls’ return as Nifty is about to take out its December high. This confirms short term strength & we should now approach the market as one to buy on declines, supports exist at 10840, 10770 & 10690. The outlook for...
Weekly Report on 14.01.2019
Nifty (CMP: 10737) Last week continued to witness extreme volatility where Nifty kept on moving on both sides of 200 DMA & ended the week on a feeble note. This confirms short term trendlessness & we should now approach the market as one to buy on new...
Weekly Report on 07.01.2019
Nifty (CMP: 10727) Previous week saw continuation of increased volatility in Nifty where it continued with the sequence of closing above & below 200 day moving averages alternately. Market breadth, in the meanwhile has improved and it signifies some sort of...
Weekly Report on 31.12.2018
Nifty (CMP: 10859) Previous few sessions, especially the post assembly election in three major states, saw a phase of increased volatility in Nifty where it repeatedly closed above & below 200 day moving average. Market breadth has however returned to positive...
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