Santa fails to turn up on Dalal Street
Financial Express Chennai|December 30, 2024
I couldn't have been more wrong last fortnight, as Santa played truant. I had expected the markets to soar, as the Nifty had
V K SHARMA

rebounded from the neckline of the inverse Head & Shoulders pattern on December 13 and recorded its highest close since October 21.

The markets took a sharp U-turn for the worse from December 16, continuing to slump each day and losing 1,231 points (4.97%) in the first week of the fortnight. Last week, it recouped 351 points intraday but ended with a gain of 226 points (0.96%). The Nifty at 23,813 is now below all its key averages, be it the 10, 20, 50, 100 or 200 days simple moving average.

There were only four trading sessions last week and all the trading took place in the shadow of the large candle that was made the previous week on December 20.

この記事は Financial Express Chennai の December 30, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Chennai の December 30, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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