I N V E N T U R E

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Market Mood 12th August 

12-08-2022
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Market Mood 11th August 

11-08-2022
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Market Mood 10th August 

10-08-2022
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Alpha Analysis

Bulls retained their reign on Dalal Street for the third straight week ended August 5 and foiled attempts by bears to gain control. Consistent buying by FIIs, and falling oil prices supported the market to stay in the green despite volatility triggered by geopolitical tensions and RBI rate hike.

The Nifty50 rose 1.4 percent or 239 points during the week to close at 17,397, backed by buying in most sectors. The index has seen a Doji candle formation on the daily charts, which is generally indecisiveness among bulls and bears about future market trend, while the bullish candlestick pattern formation continued for yet another week

The market may be losing its momentum as the index witnessed a narrow move of 346 points for the week which resulted in a narrow bull candle whereas daily charts witnessed a Doji kind of formationSell signals on some of the daily momentum oscillators are accompanied by overbought levels on the weekly charts perhaps hinting at an impending downswing.

 

08-08-2022
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Market Mood 8th August 

08-08-2022
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Market Mood 5th August

05-08-2022