I couldn't have been more wrong last fortnight, as Santa played truant.
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.
Denne historien er fra December 30, 2024-utgaven av Financial Express Bengaluru.
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Denne historien er fra December 30, 2024-utgaven av Financial Express Bengaluru.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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