The week that was; Nifty50 forms a 'Shooting Star'; Top 5 sectors that will get a boost if monsoon is good

ET Markets Daily Brief | Sat, Jun 11, 2016 | 04:16 PM IST Follow ET Markets

The week that was: From big slump to 90% gain in a week, D-St had it all Overall, it was a dismal week for equities with only select pockets rewarding investors even as others consolidated after hitting recent highs. Tech view: Nifty50 forms 'Shooting Star' pattern, shows more pain ahead Nifty50 broke below its crucial support level at 8,200, but closed above its opening level, forming a 'Shooting Star' on the daily candlestick charts. Thank god, it was Friday: April IIP bound to give you the blues Despite only 10 per cent weight in the IIP index, electricity contributed over 50 per cent of the positive impact in IIP for the month of April.

Interview One to One "For a few years 6,800 level is history, not for an unlimited time frame but for few years, it is definitely history....

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Market Watch 11 Jun | 04:16PM| SENSEX NIFTY USD/INR GOLD 26635.75 ↓-127.71 8170.05 ↓-33.55 66.76 ↑0.04 30130.0 ↑193.0

Gainers Losers 11 Jun, 2016, 04:16PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Visa Steel Ltd. 16.38 20.00 133420 16.38 14.40 Upper Ganges Sugar & Industries Ltd. 261.00 20.00 212591 261.00 214.10 Electrotherm (India) Ltd. 75.70 19.97 15703 75.70 68.80

Tweet of the day... Market entering correction mode; traders should take profit off table

FROM THE NEWSPAPER

Confused when market is oversold or overbought? Try Bollinger Bands For identifying a change in trend or to find out when the market is oversold or overbought, technical analysts have a secret weapon - the 'Bollinger Bands'. ​Top 5 sectors that will get a boost if the monsoon outcome is good "Given the global uncertainties, it is likely that foreign participants would be confident about India and the economy will continue to attract investment." CLSA's Christopher Wood raises India's overweight position on corporate recovery Wood, in his widely followed newsletter, increased weightage on India by one percentage point to 24% in CLSA Asia-Pacific, ex-Japan, model portfolio. These 9 aviation ministry moves will make flying less painful for you Among the slew of flier-friendly measures announced on Saturday, the aviation ministry said cancellation fees cannot exceed base fares. Best of the week: Even Jhunjhunwala trips on bumpy D-Street – 10 of his pet stocks down 30% In his own words: "Markets are like women, always commanding, mysterious, unpredictable and volatile." That's from his interview to ET in 2013.

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