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Nifty This Week: Technical Charts And More – Why Ranging ‘May’ Persist
Making some forecasts based on time cycles, it appears that the outlook for May is not so hot, writes CK Narayan.
30 Apr 2022, 06:06 PM IST
There was no respite in the week just ended. We almost had a mirror image of the trading pattern of the last week as the market continued to grind away in a range but with pronounced volatility. The first chart, as ever, captures the moves as they unfolded during recent weeks. The intra-week moves of the last two weeks have been highlighted and one can see how choppy the market has been, making it quite, quite difficult for traders t...
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