Rajiv Nagpal
Market Expert
New Delhi
My Stories
Wait for a trend to emerge

The Nifty’s moves last week show the bulls have come under pressure. This is natural as the Nifty has been outperforming and so is prone to pressures.

Range-bound consolidation likely

After two months of baffling upward movement, the Nifty finally corrected last week. The good part is that it was a tradeable correction that gave decent returns on some short positions.

Be more cautious with stocks than indices

Till a fortnight ago, call option buyers came up as the lucky ones, as there were very few corrective movements in the Nifty.

Get ready for contrarian trade

Volatility is part of the expiry week and the last week was no exception to this habit.

Up and then down

While the Nifty and broader market indices last week pointed to a bullish undertone, there were also moments when the scare of correction visited the Street.

Misleading Indicators

Most investors come to the equity market with a notion that it is an easy place to make money. True, equity as an asset class tends to outperform other asset classes over the long-term.

Range- bound moves with a bullish bias

For the second week in a row, trading on the bourses was limited to four sessions, but accompanied by good market breadth.

Go with neutral to bullish strategies

The broader market indices stood their ground last week,  refusing to go down at the close. Compared to that, the Nifty saw recovery from the day’s low on three days.

Keep an eye on international markets

Most short-term traders have made good money in the last two weeks, as some convergence between Nifty moves and market breadth was restored after a gap of about six months.

Diversify exposure to different sectors

We had yet another week in which call option holders made gains and the Nifty made another attempt to break its previous high after correcting in tune with international markets.

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