Streetgains

We would like to focus on what we see in Markets rather than talking about expectations and analysis. Whatever we expect, many a time goes wrong as we all know. There are multiple platforms that target each one of you with so-called expert predictions on markets. As far as studies are concerned, we would like to stick to what we see on charts. That is our philosophy. The following is the weekly Nifty chart which is in good shape of…

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The week has ended in red both on Nifty and Banknifty with almost reaching its previous averages. The Nifty Weekly has a bottom in place if we look into the series of corrections in the past. The Index fell to its 20- week average and marginally closed below 17645. There is no such confirmation on the further downside, but we need a close above 20DMA of 17650 and then 18000 for confirmation on further upside. The weekly chart confirms that…

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