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  • Weekly Market Report 05-11-2023 (IND)

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    The Nifty 500 index gained 235 points over the week, an increase of 1.4%, after two weeks of declines. However, the index is still trading below a critical level of 17050-17100. The Nifty Realty sector index increased significantly by 10.42% over the week. The report recommends maintaining a moderate market stance and avoiding high-risk trades given that the Nifty 500 has yet to clear its key level. It also advises traders to opt for a low risk per trade approach while managing open positions with discipline. Shriram Properties Ltd, a top residential real estate developer in South India, saw its stock break out of accumulation and resistance levels over the past months and is poised for good

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    The Nifty 500 index gained 235 points over the week, an increase of 1.4%, after two weeks of declines. However, the index is still trading below a critical level of 17050-17100. The Nifty Realty sector index increased significantly by 10.42% over the week. The report recommends maintaining a moderate market stance and avoiding high-risk trades given that the Nifty 500 has yet to clear its key level. It also advises traders to opt for a low risk per trade approach while managing open positions with discipline. Shriram Properties Ltd, a top residential real estate developer in South India, saw its stock break out of accumulation and resistance levels over the past months and is poised for good

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    11 views6 pages

    Weekly Market Report 05-11-2023 (IND)

    Uploaded by

    wibage9267
    The Nifty 500 index gained 235 points over the week, an increase of 1.4%, after two weeks of declines. However, the index is still trading below a critical level of 17050-17100. The Nifty Realty sector index increased significantly by 10.42% over the week. The report recommends maintaining a moderate market stance and avoiding high-risk trades given that the Nifty 500 has yet to clear its key level. It also advises traders to opt for a low risk per trade approach while managing open positions with discipline. Shriram Properties Ltd, a top residential real estate developer in South India, saw its stock break out of accumulation and resistance levels over the past months and is poised for good

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    of 6

    AFZAL LOKHANDWALA

    CHAMPIONS CLUB

    WEEKLY MARKET
    REPORT
    30 October - 05 November 2023

    Important Links
    Website: link
    Telegram Channel: link
    WhatsApp: link
    Disclaimer: link
    A Positive Week for Nifty 500 Index,
    But Caution Still Needed.

    After two weeks of a terrible slump, the Nifty 500


    index ended the week on a positive note, gaining 235
    points, or the equivalent of a 1.4% increase. Although
    the index closed at the 17000 level, it's worth noting
    that it's still trading below the critical (17050-17100)
    level. Interestingly, the Nifty Realty sector saw
    significant activity, with the index increasing by 10.42%
    on a weekly basis. While our recent trades have
    yielded positive feedback, we plan to maintain a
    MODERATE market stance and keep our Total Open
    Risk (TOR) in check. Given that the Nifty 500 index has
    yet to clear its key level, we advise traders to avoid
    entering high-risk trades and instead opt for a low Risk
    Per Trade % (RPT) approach while managing their
    open positions with discipline.
    Shriram Properties Ltd.: A Promising
    Stock in the Real Estate Sector

    Shriram Properties Ltd., a top residential real estate


    development company in South India, was
    experiencing an accumulation phase for seven and a
    half months this year, with a resistance level of 77.
    However, on August 22, 2023, the stock broke out of
    this level and gained 26% in just nine trading sessions.
    After this upward movement, SHRIRAMPPS began to
    form a base with a resistance of 97.5 that was
    respected twice. The base quality is strong, with a
    good rounding bottom structure, occasional volume
    spurts, and a fakey on October 20, 2023. Currently,
    the price has broken out of this base with impressive
    volumes and is trading at the 101.85 level. Given the
    realty sector's current limelight status, this setup has
    great potential to generate good returns in a short
    time span.
    THE MEMBERS TRADE!

    The CTM community


    has seen positive
    returns with #ACE.
    THE MEMBERS SPEAK!
    New traders sometimes focus too much on technical
    indicators and only remember the times when they were
    right. But that's just looking back with rose-colored glasses!
    Ever heard of hindsight bias?
    -Afzal Lokhandwala

    AFZAL LOKHANDWALA
    CHAMPIONS CLUB
    Important Links
    Website: link
    Telegram Channel: link
    WhatsApp: link

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