WEEKLY TRENDSETTER (Oct 21ST,2022) 2022 Oct 7 Oct 14 Ch % NIFTY 17315 17186 -0.74 BANK NIFTY 39178 39305 0.32 USD/INR 82.30 82.21 -0.11 MARKET REVIEW–The week began on the back foot and with volatility unnerving bulls and bears alike, the closing again was unconvincing. The IT results of the biggies TCS and INFY …
Gap ups and gap downs mock bulls and bears alike! Read More »
WEEKLY TRENDSETTER (Oct 14th,2022) 2022 Sep 30 Oct 7 Ch % NIFTY 17094 17315 1.29 BANK NIFTY 38632 39178 2.21 USD/INR 81.46 82.30 1.03 MARKET REVIEW–The early part of the week saw a dramatic rise largely on the back of US markets. However, the momentum faltered towards close of week mirroring US markets. With …
Bounce back needs support around 17000 on Nifty! Read More »
WEEKLY TRENDSETTER (Oct 7th,2022) 2022 Sep 23 Sep 30 Ch % NIFTY 17327 17094 -1.94 BANK NIFTY 39546 38632 -3.07 USD/INR 81.05 81.46 0.51 MARKET REVIEW–The market slide continued with FII selling pressure and global cues continuing to be negative. Post an expected 50 bps rate hike, there was a short covering rally which …
WEEKLY TRENDSETTER (Sept 30th,2022) 2022 Sep 16 Sep 23 Ch % NIFTY 17531 17327 -1.16 BANK NIFTY 40776 39546 -3.02 USD/INR 79.74 81.05 1.64 MARKET REVIEW–The intra week recovery during the week was short lived as rate hike fears, weak global markets and FII selling dampened sentiments and the Nifty slipped below 17500. …
WEEKLY TRENDSETTER (Sept 23rd,2022) 2022 Sep 9 Sep 16 Ch % NIFTY 17833 17531 -1.69 BANK NIFTY 40415 40776 0.89 USD/INR 79.57 79.74 0.21 MARKET REVIEW–The week turned out to be very volatile and towards the close attracted profit-taking which took the Nifty close to 17500 and the Bank Nifty also gave up most …
Sell off by FII s could keep bulls wary around 17800 on Nifty! Read More »
WEEKLY TRENDSETTER (Sept 16th,2022) 2022 Sep 2 Sep 9 Ch % NIFTY 17539 17833 1.67 BANK NIFTY 39421 40415 2.52 USD/INR 79.72 79.57 -0.19 MARKET REVIEW–The week turned out to be interesting and while banking counters continued with their out-performance, the tech counters made a comeback towards close of week. With Nifty again facing …
Tech counters likely to propel Nifty past 18000 ! Read More »
WEEKLY TRENDSETTER (Sept 2nd,2022) 2022 Aug 19 Aug 26 Ch % NIFTY 17758 17559 -1.12 BANK NIFTY 38986 38987 0.00 USD/INR 79.80 79.83 0.04 MARKET REVIEW–The week was high on volatility and the pattern was similar to the previous week as the Nifty and Bank Nifty witnessed selling pressure around 18000 and 39000 respectively and …
Hesitant start to Sept series as bulls get tripped at higher levels ! Read More »
WEEKLY TRENDSETTER (August 26th,2022) 2022 Aug 12 Aug 19 Ch % NIFTY 17698 17758 0.33 BANK NIFTY 39042 38986 -0.14 USD/INR 79.74 79.80 0.08 MARKET REVIEW–The truncated week saw the bulls in form for most part of the week. Just when celebrations were planned for a re-visit to 18000 levels on the Nifty, sharp …
WEEKLY TRENDSETTER (August 12th,2022) 2022 July 29 Aug 5 Ch % NIFTY 17158 17397 1.14 BANK NIFTY 37491 37920 1.39 USD/INR 79.30 79.24 -0.08 MARKET REVIEW–The week was one of consolidation though the broader market was positive and several small cap and mid cap counters regained lost ground of the previous months. The RBI …
WEEKLY TRENDSETTER (August 5th,2022) 2022 July 22 July 29 Ch % NIFTY 16719 17158 2.62 BANK NIFTY 36738 37491 2.05 USD/INR 79.83 79.30 -0.72 MARKET REVIEW–The week saw further extension of the previous week’s rally as 17000 on the Nifty was surpassed on the back of strong US markets which took signal from the Fed …
Could the OPEC meet on Aug 3 be the next trigger ? Read More »