WEEKLY TRENDSETTER (MARCH 31st,2023) 2023 Mar 17 Mar 24 Ch % NIFTY 17100 16945 -0.91 BANK NIFTY 39598 39395 -0.51 USD/INR 82.50 82.42 -0.10 MARKET REVIEW–The market exhibited bouts of volatility on all days but the pressure at higher levels was very much evident. The closing below 17000 on the Nifty now opens up …
WEEKLY TRENDSETTER (MARCH 24TH,2023) 2023 Mar 10 Mar 17 Ch % NIFTY 17413 17100 -1.80 BANK NIFTY 40485 39598 -2.19 USD/INR 82.06 82.50 0.54 MARKET REVIEW–The market exhibited bouts of volatility on all days but the pressure at higher levels was very much evident. While 17000 was breached on the Nifty,38600 was almost breached …
WEEKLY TRENDSETTER (MARCH 17th,2023) 2023 Mar 3 Mar 10 Ch % NIFTY 17594 17413 -1.03 BANK NIFTY 41251 40485 -1.86 USD/INR 82.05 82.06 0.01 MARKET REVIEW–The recovery was short lived and as expected 17800 proved difficult to cross and the indices lost ground to end in the negative as global markets were also not …
US start-up bank collapse leads to global market tremor ! Read More »
WEEKLY TRENDSETTER (MARCH 10th,2023) 2023 FEB 24 Mar 3 Ch % NIFTY 17465 17594 0.74 BANK NIFTY 39909 41251 3.36 USD/INR 82.75 82.05 -0.85 MARKET REVIEW–The global recovery towards close of week turned out to be the perfect recipe to unnerve the complacent bears and both the indices managed to show gains and end …
Nifty needs to consolidate above 17800 for sustained uptrend ! Read More »
WEEKLY TRENDSETTER (MARCH 3RD,2023) 2023 FEB 17 FEB 24 Ch % NIFTY 17944 17465 -2.67 BANK NIFTY 41131 39909 -2.97 USD/INR 82.82 82.75 -0.08 MARKET REVIEW–The week was a harsh one for bulls as the indices lost ground on all days and the closing suggests that 200-dma could be visited early next week which …
Market looks oversold and levels of 17350 on Nifty could see support ! Read More »
WEEKLY TRENDSETTER (FEB 25th,2023) 2022 FEB 10 FEB 17 Ch % NIFTY 17856 17944 0.49 BANK NIFTY 41559 41131 -1.03 USD/INR 82.51 82.82 0.38 MARKET REVIEW–The week was mixed as it began on a recovery mode and then showed strength and finally succumbing to profit-taking which shaved off part of the gains.The banking counters …
Banking counters playing spoil sport going into expiry ! Read More »
WEEKLY TRENDSETTER (FEB 3RD,2023) 2022 JAN 20 JAN 27 Ch % NIFTY 18027 17604 -2.35 BANK NIFTY 42506 40345 -5.08 USD/INR 81.20 81.53 0.41 MARKET REVIEW–The range bound move broke out on the downside led by Adani stocks which had a bad impact on the banking stocks with the index losing 5% for the …
WEEKLY TRENDSETTER (JAN 27th,2023) 2022 JAN 13 JAN 20 Ch % NIFTY 17956 18027 0.40 BANK NIFTY 42371 42506 0.32 USD/INR 81.28 81.20 -0.10 MARKET REVIEW–It was another week of volatility and the market moved in a band. While 17800-18200 was the Nifty band, the Bank Nifty’s band was 42000-42500.The latter showed a slight …
Last week of calm markets before the Budget storm ? Read More »
WEEKLY TRENDSETTER (JAN 20th,2023) 2022 JAN 6 JAN 13 Ch % NIFTY 17859 17858 -0.01 BANK NIFTY 42189 42082 -0.25 USD/INR 82.75 81.58 -1.41 MARKET REVIEW–The week was highly volatile and though global markets were by and large positive, Indian markets showed weakness and sharp selling was witnessed at higher levels. However, the closing provided …
Uncertainty in financial markets and fears of a possible global recession have compelled investors to look at safer havens atleast in the short term. With trends ever changing, the Russia invasion of Ukraine in 2022 was the primary reason for spiral in global inflation as gas and crude oil prices spiked sharply along with agri …