Range marked with % change Open (on 29) to Close (on 31st/ last day of year) for 29 Dec to 31st Dec charts for the year 2022 and before that
1) 2022 (+0.12%)
2) 2021 (+0.5%)
3) 2020 (-0.04%)
4) 2019 (+0.38%)
1) 2022 (+0.12%)
2) 2021 (+0.5%)
3) 2020 (-0.04%)
4) 2019 (+0.38%)
5) 2018 (+0.3%)
6) 2017 (+1.8%)
7) 2016 (+0.16%)
8) 2015 (+0.8%)
6) 2017 (+1.8%)
7) 2016 (+0.16%)
8) 2015 (+0.8%)
9) 2014 (+0.11%)
10) 2013 (-0.4%)
11) 2012 (-0.84%)
12) 2011 (+2%)
10) 2013 (-0.4%)
11) 2012 (-0.84%)
12) 2011 (+2%)
Okay enough numbers, so in the last 12 years only 2 years markets trended in the last 3 days of the year. Rest for all other times, it has been a muted market.
Given the current scenario where we are in, markets can not move up without forming a base
Given the current scenario where we are in, markets can not move up without forming a base
This is ideally the best time to consolidate and form a base. Even though the structure is bearish at this point, we are aware that strong demand zones are present underneath.
I'm expecting a net to net rangebound market till the end of this year since if markets go up, it'll face supply at every stage, for moving down today's low again is imp and is holding well.
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