WEEKLY TRENDSETTER (July 28th,2023) 2023 July 14 July 21 Ch % NIFTY 19564 19745 0.93 BANK NIFTY 44819 46075 2.80 USD/INR 82.17 81.97 -0.24 MARKET REVIEW–Just when the market started taking comfort in the quarterly results of the IT sector, a negative guidance from INFY spooked the rally and overall sentiment was also further …
Can the banking pack bring out the champagne bottles ? Read More »
WEEKLY TRENDSETTER (July 21ST,2023) 2023 July 7 July 14 Ch % NIFTY 19332 19564 1.20 BANK NIFTY 44925 44819 -0.24 USD/INR 82.73 82.17 -0.68 MARKET REVIEW–The week turned out to be volatile and higher levels attracted profit-taking. With result season beginning, the trend could now shift towards the overall profitability trend. This was evident …
WEEKLY TRENDSETTER (July 14th,2023) 2023 June 30 July 7 Ch % NIFTY 19189 19332 0.75 BANK NIFTY 44747 44925 0.40 USD/INR 82.06 82.73 0.82 MARKET REVIEW–The market was robust for most part of the week. However, the global markets were not supportive as rate hike fears attracted profit booking. Finally, towards close of week …
Will the HDFC twins cause high volatility post -merger in the coming week ? Read More »
WEEKLY TRENDSETTER (July 7th,2023) 2023 June 23 June 30 Ch % NIFTY 18665 19189 +2.81 BANK NIFTY 43622 44747 +2.58 USD/INR 82.04 82.06 0.02 MARKET REVIEW–The market made a quiet beginning for the week. However, once the consolidation was over, it made a smart breakout on the upside and by the close of week …
Jo bear hua ,woh bury hua !Nifty pole vaults past 19000! Read More »
WEEKLY TRENDSETTER (June 30th,2023) 2023 June 16 June 23 Ch % NIFTY 18826 18665 -0.86 BANK NIFTY 43938 43622 -0.72 USD/INR 81.94 82.04 0.12 MARKET REVIEW–The Nifty made a valiant attempt to touch all-time high but after getting into kissing distance gave up all the gains to close for the week below 18700.The banking counters …
Bulls happy to take profits off the table as broader market witnesses selling ! Read More »
WEEKLY TRENDSETTER (June 23RD ,2023) 2023 June 9 June 16 Ch % NIFTY 18563 18826 +1.39 BANK NIFTY 43989 43938 -0.12 USD/INR 82.47 81.94 -0.64 MARKET REVIEW–The week saw several stocks hitting life-time highs and participation was broad based.The banking stocks witnessed profit-taking and the weakness in HDFC Bank kept the Bank Nifty under …
Nifty ready to greet new week with life-time high! Read More »
WEEKLY TRENDSETTER (June 16th ,2023) 2023 June 2 June 9 Ch % NIFTY 18534 18563 +0.18 BANK NIFTY 43938 43989 +0.12 USD/INR 82.41 82.47 +0.07 MARKET REVIEW–The week began on a steady note.However,the weekly expiry day triggered strong profit-taking and the indices closed flat for the week on Friday.The broader market has seen pockets …
Bulls could look to encash some profits at higher levels! Read More »
WEEKLY TRENDSETTER (May 19th,2023) 2023 MAY 5 MAY 12 Ch % NIFTY 18069 18315 +1.36 BANK NIFTY 42661 43793 +2.65 USD/INR 81.70 82.18 +0.56 MARKET REVIEW–The week began on a strong note.The Bank Nifty was the star as the recovery was swift after the previous week’s late correction. The closing looks encouraging and odds …
Momentum looks strong though some near term correction expected ! Read More »
WEEKLY TRENDSETTER (May 5th,2023) 2023 APRIL 21 APRIL 28 Ch % NIFTY 17624 18065 2.50 BANK NIFTY 42118 43234 2.65 USD/INR 82.10 81.82 -0.34 MARKET REVIEW–The week turned out to be a merry outing for bulls. Levels of resistance were pierced effortlessly and both indices closed at the week’s high despite a long weekend ahead. …
Set-up looks perfect for levels of 18300 on the Nifty! Read More »
WEEKLY TRENDSETTER (April 28th,2023) 2023 APRIL 14 APRIL 21 Ch % NIFTY 17828 17624 -1.14 BANK NIFTY 42132 42118 -0.03 USD/INR 81.84 82.10 0.32 MARKET REVIEW–The week turned out to be a quiet one. However, one notable feature was recovery from intra -day lows on most of the days and also very active buying …