The WeekendInvesting Newsletter

The US markets, specifically the S&P 500 index, have undergone a remarkable rally from the end of October 2023 Starting at 4100, it has surged nearly 12%, reaching an impressive 4600. The steady ascent, reminiscent of a cup and handle pattern, has brought us to a July high, challenging levels not seen since March 2023.

A closer look at the historical data reveals a cup and handle pattern in the making, or alternatively, an inverted head and shoulders formation. Should the latter play out, signalling a move upwards, we could witness . . . .

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In this article, we explore the historical trajectory of the Nifty chart on a logarithmic scale, shedding light on the market’s evolving trends over the years. By delving into the past, we aim to glean valuable insights that can guide investors in navigating the complex and dynamic financial landscape.

Utilizing a logarithmic scale for long-term chart analysis provides a comprehensive perspective on market trends. The period from 1990 to 1992 stands out, marked by an explosive growth phase that witnessed the Nifty making a fourfold increase in just two years. Comparing this to the current scenario, with projections suggesting an . . .

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WeekendInvesting Daily Bytes

Today, we’re seeing Nifty’s rally continue its upward journey. However, in the last few sessions, there’s been a noticeable slowdown, with the market seemingly taking a moment to catch its breath. The trading volumes have also decreased over the past four or five sessions, suggesting that a significant part of this jump, going from under 19,000 to 21,000 in less than six weeks, might have reached its peak for now. This could be a time for the market to consolidate, yet the undercurrent remains very strong.

Sectors of the day. . . .

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