It also helps them recognise a bad decision, which can pave the way to make suitable amends. In the stock markets, humility helps one recover from a bad investment and recoup the loss by finding an alternate investment.

Powell's speech sent US stock sinking on Friday as the benchmark indices plunged 3-4 per cent each on Friday. Dalal Street participants anticipate a similar knee-jerk reaction on Monday.

“The Nifty Bank reached the overbought zone earlier than Nifty50 during the fall April to June 2022. The overbought situation caused buying in the banking and financial services sector. Hence, we witnessed Nifty Bank becoming stronger than Nifty50.”

The formation of such a candle with a long lower shadow near a pattern resistance increases the possibility of the up move getting stalled for some more time and the markets staying under consolidation a bit longer.

“For Reliance, I would believe that the stock has this tendency of going into a time-wise, price-wise correction - Consolidation with no major upswings.”

“We had a spectacular run in the auto space and there is a lot of steam still left the way we look at the numbers coming, the monthly numbers as well as the quarterly numbers of most of the auto companies were quite strong.”

FLFL has in-house retail chains Central and Brand Factory, exclusive brand outlets (EBOs) and other multi-brand outlets (nearly a dozen apparel labels, including Lee Copper, Champion, aLL, Indigo Nation, Giovani, John Miller, Scullers, Converse and Urbana) in its portfolio.

“From the second or third quarter onwards, we believe that the management commentary of most IT companies would start cautioning us that the demand environment has started to slow down. From cues we are picking from US companies, some are hinting towards a cut in IT spends and with lag, it will reflect in the commentary of most of the IT companies in Q2 and Q3.”