Fwd: Nifty’s Weekly Doji – Consolidation or Further Downtrend?


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Sun, 19 Jan 2025

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Edge High-Five

1 How did markets do?

  • This Nifty 50 closed above the 23,200 levels, forming a weekly Doji candlestick pattern, signalling market indecision after a highly volatile trading week.
  • The Bank Nifty outperformed the Nifty 50 and closed above 48,500 levels. The next resistance for this index is 51,000 levels.
  • India Vix is up around 5.6% this week and at the levels of 15.

2 How sectors performed?

  • The most gaining sector of the week is Nifty Metal which closed this week with a gain of 3.3%
  • The top losing sector of this week is Nifty Media, with a loss of 2.3%

3 What did smart money do?

4 Top news this week

  • Inflation in India eased to a 4-month low of 5.22%!!
  • US stocks surged after the latest inflation report showed progress on price hikes.
  • Oil prices rose to a 4-month high on the impact of Russian sanctions.
    Click here for more News and Updates

5 Trending Stocks

  • Infosys fell despite beating revenue estimates, with concerns about the quality of results driven by third-party items in its deal pipeline.
  • Axis Bank experienced a decline after missing profit estimates due to slower loan growth and increased bad loan provisions.
  • Reliance Industries Ltd. shares increased, outperforming the BSE Sensex after posting a good set of Q3 results

Stock to watch

Breakout Stocks to track for this week!!

StockEdge Feature of the Week

Explore the top investor portfolios section, which shows in which stocks top investors have increased or decreased their stakes in the past 3 months.

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Blog of the week

Explore the ESG Investing: Top 10 ESG Stocks to Watch in 2025 for sustainable growth in this blog

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what you can Learn New this week?

Watch this week's video to enhance your investing strategy

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