Nifty 500 on Bullish Momentum 📈 This week, the Nifty 500 index saw a 1% surge, gaining 203 points and closing at 20,164 levels. The market experienced a sudden dip on Monday, followed by a recovery on Tuesday, ending positively. Subsequently, there was a strong rebound in the following sessions.
⛽ The Nifty Oil & Gas index remained robust, while Nifty Auto and Nifty IT also showed significant movements, with weekly gains of 4.3% and 2% respectively.
📊 Despite the bounce-back, notable volumes were missing. Large caps show more promising signs compared to small caps.
⚠️ In case of another significant downturn, it's advised to be cautious with open gains and not hesitate to exit trades. Given the prevailing volatility, TrendX maintains a Strong market stance, exercising caution with open positions.
🔍 We've reduced our Risk Per Trade % for fresh trades, and our next moves will be based on trade feedback and market conditions.
#Nifty #StockMarket #Volatility #TrendX
