It was another week of narrow, range-bound moves in Nifty. The market breadth was good in some trading sessions. But profit-booking pressure and disinterest in rolling over long positions were visible on Thursday, the day of derivatives contracts expiry.
For yet another week, the Nifty had stayed in a range-bound mode and wrapped last week with a loss of six points. The market breadth was largely positive, but
After two months, the market saw a corrective move last week, though the Nifty largely stuck to the old game of losing points in early sessions and recouping them later
It was just another typical week which saw a few days of correction in the Nifty and a recouping of all losses in one shot. This had been the
Weekly gains for the Nifty 50 index was not much but the market sentiments on most days were positive. Clearly index management was going on
The macroformations that had been appearing on broader market indices from March this year gained more strength last week. The trend of a narrow range-bound consolidation was visible
It is clear that bulls are in no mood to leave the ground they have regained after almost a year’s struggle. This was on display last week
There are phases when the Nifty’s moves do not reflect the on ground situation in the equity market. And such phases do come often
How the sentiment has changed in a week! From panic that exit of Britain from the European Union will trigger a collapse of the global economic order, the mood in
Expect the unexpected is one of the basic principles of trading. That is just what happened last week when Britain voted to move out of the European Union
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