Weekly audio podcast summarising the happenings of the past week and forecasting the market direction in the coming week.

After showing weakness with volatility in the last session Nifty witnessed sharp upmove so far today. Immediate support is placed at 17,250 levels.

U.S. stocks staged a massive turnaround on Thursday, ending a six-day losing streak, after erasing an early plunge seen when the September consumer-price index came in higher than economists expected.

Nifty flattered on Wednesday to deceive once again on Thursday. Nifty has formed a triple bottom over the past three days in the 16,950-16,960 band. Post the return of positive sentiments across the globe, on upmoves, Nifty could now face resistance at 17,262 and then at 17,429.

Indian markets could open sharply higher, in line with higher Asian markets today and sharply positive US markets on Thursday.

The alternative movement like one day up and down continued in the market. After showing a sustainable upside bounce in last session, Nifty slipped into weakness so far today. Immediate support is placed at 16,950.

U.S. stock indexes ended a volatile session slightly lower on Wednesday after hotter-than-expected producer price inflation data.

Traders are awaiting U.S. September consumer prices data on Thursday due at 8:30 a.m. Eastern Time. The September CPI reading, which tracks changes in the prices paid by consumers for goods and services, is expected to show an 8.1% rise from a year earlier.

Nifty made a near double bottom on Oct 12th compared to the previous session. It now has a chance to recoup part of the losses seen in the previous 3 sessions. 17,217-17,287 could be the next resistance for the Nifty while 17,064 could be the support.

Indian markets could open mildly lower, in line with mostly negative Asian markets today and mildly lower US markets on Wednesday.

After showing a sharp weakness in the last session, Nifty shifted into a decent upside bounce as of now. Intraday resistance is placed around 17,150-17,180 levels for the day.

U.S. stocks ended a choppy session mostly lower on Tuesday, with the Nasdaq Composite closing at its lowest in more than two years. Asian stocks stayed at two-year lows on Wednesday.

Indian markets fell for the third consecutive day, below the psychologically important 17,000 level.

Indicators and oscillators have turned bearish on the short-term charts.

Below 16,900, Nifty could drag towards next support of 16,747 in the near term. Resistance for Nifty has shifted down to 17,280 levels.

After showing a sustainable upside recovery from the lows in last session, Nifty shifted into a consolidation so far today. Immediate support is placed at 17,100.

Major indexes finished lower for a fourth consecutive session on Monday as concerns about additional rate hikes by the Fed continued to damp sentiment.

Nifty could stay in the 17,102-17,337 band for the near term.

Indian markets could open flat to mildly lower, in line with mildly negative Asian markets today and lower US markets on Monday.

After showing a consolidation pattern with weak bias on Friday, Nifty slipped into a sharp weakness with volatility as of now. Immediate resistance is placed around 17,270-17,300 levels.