Technical Analysis Training in Bangalore

Summary

• The Indian markets staged a smart V-shaped recovery after a sharp 7.6% correction.

2020 was the seminal year when several biotechnology firms from the psychedelic space IPOed as investments into curing mental illness continued to gain traction among investors.

Psychedelic drugs such asPsilocybin, LSD and Ketamine have long shown great potential in treating severe psychiatric conditions like depression,addiction, post-traumatic stress disorders and other conditions.

A little more than a year back, in March 2017 to be precise, the Bank Nifty broke out of a key continuation chart pattern at 20,500 with a solid upside target of around 6900 points, which was realized in late January this year.

India’s benchmark equity index, the Nifty 50 rallied to more than 3-week highs on 11th June 2018, led by gains in Bharti Airtel and Maruti Suzuki along with a couple of banking and pharma stocks.

WTI Crude is up about 4 percent this year after topping $66 a barrel earlier in January, the highest since December 2014. Since then, prices have been oscillating in the $58- 64 per barrel for more than a month now.

India’s broad index, Nifty- 50 slid about 8 percent from the all- time highs of 11171.55 realized towards the end of January this year.

Nifty slid close to 3 percent for the week ending 10th February, extending its decline to more than 5 percent for the month on the back of a global slump in equities.