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 …
WEEKLY TRENDSETTER (April 21st,2023) 2023 APRIL 7 APRIL 13 Ch % NIFTY 17599 17828 1.3 BANK NIFTY 41041 42132 2.66 USD/INR 81.86 81.84 -0.05 MARKET REVIEW–The week turned out to be merry outing for bulls as the market gains participation widened and many mid and small caps started attracting buying at lower levels and …
Bulls could look to book some profits at higher levels ! Read More »
WEEKLY TRENDSETTER (April 14th,2023) 2023 Mar 31 APRIL 7 Ch % NIFTY 17360 17599 1.38 BANK NIFTY 40608 41041 1.07 USD/INR 82.19 81.88 -0.38 MARKET REVIEW–The market has staged a good comeback after touching a low of 16828 and managed to sustain above 17200.The coming weeks would be critical as the results season kicks …
IT majors to set tone of market !17200 level becomes critical support ! Read More »
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 »