
*AAKASHAYA PATRA WEEKLY MARKET OVERVIEW:* 26.04.2020 The Market is still in the Pull-Back mode but the speed of Recovery has reduced. The reduction in upward momentum can be attributed to the fact that the indices have tested the 38.2% Retracement on both Sensex (31993) and Nifty (9390) in the week gone by. This calls for some cooling off before resuming any further price movement and that is what the indices have done in the past week. We are currently in a short term Trading Range between 8800-9400, breakout of which will determine further direction as well as magnitude of price movement. A break of 9400, will take the Nifty to test higher Retracement levels of 9970-10551, whereas a bearish downward break of the trading range can take the Nifty all the way to test 8477-7511-6149. Technically Speaking :- Sensex opened the week at 32056, made a high of 32056, low of 30378 and closed the week at 31327. Thus it closed the week with a loss of 261 points. At the same time...