Thread by @BloombergQuint

Time to be somewhat watchful about the market proceedings and expect some heightened volatility, writes @CK_Narayan in #BQOpinion.
bit.ly/3HfSzi7

@CK_Narayan After the good showing in the truncated Muhurat week, there was some expectation that the market may continue higher.

It didn’t play out that way, until Friday afternoon.

Read @CK_Narayan in #BQOpinion on what could happen next.
bit.ly/3Fdzaws

@CK_Narayan A comparison with the Bank Nifty moves is worth making, writes @CK_Narayan.

Read more in his #BQOpinion column: bit.ly/3HfSzi7

@CK_Narayan This is a warning to Bank Nifty supporters who blindly believe that banks have to be on top if the market has to go up, writes @CK_Narayan.

Read more in #BQOpinion.
bit.ly/3opUPdX

@CK_Narayan Whenever we doubt our convictions, we should raise our perspective to the longer term.

Note that the support trendline on the weekly chart has remained undisturbed for over 18 months now, writes @CK_Narayan in #BQOpinion.
bit.ly/3Ce6nWC

@CK_Narayan There have been so many times through this period that we have had misgivings of some nature or the other.

But... @CK_Narayan points out in #BQOpinion: bit.ly/3Ce6nWC

@CK_Narayan Over Diwali, the feeling I got after speaking to several fully active old-timers of the market was that many of them have taken some money off and are playing the game cautiously, writes @CK_Narayan.

Read more in #BQOpinion: bit.ly/3Ce6nWC

@CK_Narayan So, what’s next?

If there is a trend resolution above the Friday levels in the week ahead, then these RSI patterns will get a leg up, and perhaps we can look to some gains, writes @CK_Narayan in #BQOpinion.
bit.ly/3cdoGRk

@CK_Narayan Earnings season is drawing to a close and most of the water is already in the well.

Now, it will have to be something else to drive the trends. Here’s how two key triggers have fared.

Read @CK_Narayan in #BQOpinion.
bit.ly/3HnAu1G