Markets continued to stay on bearish trajectory that started on 5th Apr 2022. This week saw 3 red & 2 green trading sessions and lost about (-1.74%) from previous week’s close. All benchmark indices lost between (-1.2%) to (-1.7%).
As you can se from the blue bar above, Nifty has stayed absolutely flat yielding 0% since 01 Sep 2022 which is 6 and half months of choppiness with volatility. We have also witnessed Higher Lows being made from All Time High achieved in Oct 2021 and looks like we will need some positive cues to cross and go beyond resistance zone of 18000. Increasing crude oil prices , high inflation numbers , war uncertainty and few other factors seem to be an impediment for seeing uptrends. US 10Y Yields have been on a continuous rise from 0.5% in Aug 2020 to 2.9% Today (22 Apr 2022) which may not augur well for the markets.
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