Market Pulse
Uptrend Under Pressure
Weekly Action
Benchmark indices posted solid weekly gains. Nifty, +1.0%; Sensex, +0.9%; Nifty Midcap, +0.5%; Nifty Smallcap, +0.3%; Model Portfolio, +1.8%; and MSI Ind 47, +0.1%.
Weekly Market Review
The Nifty continued its bear run on Monday for the third straight session and closed below the 10,700 level. With that, we changed the market status to an Uptrend Under Pressure. Continue reading “Weekly Big Picture – PSU Bank and Media Stocks Uplift Market; Nifty Reclaims 200-DMA”