WEEKLY TRENDSETTER (DEC 30TH ,2022) 2022 DEC 16 DEC 23 Ch % NIFTY 18269 17806 -2.53 BANK NIFTY 43219 41668 -3.59 USD/INR 82.77 82.83 0.07 MARKET REVIEW–The correction of the previous week deepened and the banking counters were the ones which saw profit-booking with the PSU banks bearing the brunt of selling pressure. With …
Nifty could see support emerging around 17550-600 ! Read More »
WEEKLY TRENDSETTER (DEC 23rd ,2022) 2022 DEC 9 DEC 16 Ch % NIFTY 18496 18269 -1.23 BANK NIFTY 43633 43219 -0.95 USD/INR 82.31 82.77 0.56 MARKET REVIEW–The underperformance from 3 major sectors -IT, pharma and auto continued for the week as well. The Bank Nifty which was holding up the market also showed sharp …
WEEKLY TRENDSETTER (DEC 16th ,2022) 2022 DEC 2 DEC 9 Ch % NIFTY 18696 18496 -1.07 BANK NIFTY 43104 43633 1.23 USD/INR 81.26 82.31 1.29 MARKET REVIEW–The week was a mixed one as the Nifty closed in the red and there was underperformance from 3 major sectors -IT, pharma and auto. Going into the …
Bulls look for early Christmas vacation as profit-taking creeps in ! Read More »
WEEKLY TRENDSETTER (DEC 9th ,2022) 2022 Nov 26 DEC 2 Ch % NIFTY 18518 18696 0.96 BANK NIFTY 42984 43104 0.28 USD/INR 81.69 81.26 -0.53 MARKET REVIEW–It was an eventful week with both Nifty and Bank Nifty hitting life time highs. However, towards close of week some of the gains were shed as clearly, …
Arre bhai ruko !Mein bhi aa raha hoon -Mid and small caps to Nifty! Read More »
WEEKLY TRENDSETTER (DEC 2nd,2022) 2022 Nov 18 Nov 26 Ch % NIFTY 18307 18518 +1.15 BANK NIFTY 42437 42984 +1.29 USD/INR 81.71 81.69 -0.02 MARKET REVIEW–The week was an eventful one with the Bank Nifty hitting lifetime high and Nifty also within touching distance of the previous high.IT joined the party in aiding Nifty …
Action could pick up in mid-cap and small caps as the indices consolidate ! Read More »
WEEKLY TRENDSETTER (Nov 25th,2022) 2022 Nov 11 Nov 18 Ch % NIFTY 18350 18307 -0.23 BANK NIFTY 42137 42437 0.71 USD/INR 80.98 81.71 0.90 MARKET REVIEW–The week was one of the dullest in recent memory as the indices moved in a narrow range and just when it looked like the cut would be deeper …
Banks need a partner for further market uptrend !Will it be tech shares ? Read More »
WEEKLY TRENDSETTER (Nov 18th,2022) 2022 Nov 4 Nov 11 Ch % NIFTY 18117 18350 1.29 BANK NIFTY 41258 42137 2.13 USD/INR 82.45 80.98 -1.78 MARKET REVIEW–The week saw some range bound tussle before the US markets took off providing the boost to the Asian markets. The last day s action was more scrip specific …
Dow(steroid)driven market could see some cool off ! Read More »
WEEKLY TRENDSETTER (Nov 4th,2022) 2022 Oct 21 Oct 28 Ch % NIFTY 17576 17787 1.2 BANK NIFTY 40784 40991 0.51 USD/INR 82.70 82.48 -0.27 MARKET REVIEW–The truncated week saw some spirited action and Nifty managed to close near 17800 despite some profit-taking in banking counters which saw the Bank Nifty trimming some of the …
WEEKLY TRENDSETTER (Oct 28th,2022) 2022 Oct 14 Oct 21 Ch % NIFTY 17186 17576 2.27 BANK NIFTY 39305 40784 3.76 USD/INR 82.21 82.70 0.60 MARKET REVIEW–The week turned out to be much better than expected. The banking pack led from the front with stellar quarterly results from likes of Axis, Indus Ind, Canara and …
Nifty clearly “banking on banks “to scale past 18000 !IT could aid the uptrend ! Read More »
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 »