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 »
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 »