Below is on Weekly Wrap Up By Mr. Sameet Chavan, Head Research, Technical and Derivatives, Angel One Ltd
Trading for the week began with a downside gap on Monday and due to extended weakness in the financial space, Nifty went on to test 19300 on the same day. Fortunately, a sharp tail end recovery rescued our markets from the crucial support zone. A similar price action was replicated during the remainder of the week. However, with bears maintaining ...
Weekly Market Wrap Up : Fortunately, a sharp tail end recovery rescued our markets from the crucial support zone yet Says Mr. Sameet Chavan, Head Research, Technical and Derivatives, Angel One Ltd
Sensex (65151) / Nifty (19365)
Once again, the US markets experienced a weak trading session overnight, and taking cues from there, the GIFT Nifty indicated a sluggish start. However, the actual beginning was relatively steady, opening on a neutral note. Nevertheless, prices swiftly declined thereafter, revisiting the low seen on Wednesday. In the latter part of the session, significant momentum was missing. Despite this, prices successfully held onto crucial support levels and concluded t...
The BANKNIFTY has been the weakest link of late and in-line with this, we witnessed a soft opening in tandem with benchmark - Angel One Ltd
