Union Budget 2023-24

 

Union Budget 2023-24 The market experienced a significant decline last week, with all sectors witnessing a substantial selling pressure. Despite the release of better-than-expected GDP data of the U.S., the market failed to find any significant upward momentum. The Hindenburg's report on the Adani group also weighed on sentiment. The benchmark index dropped by approximately 2.5%, with the banking index experiencing an even greater decline of over 5%. Additionally, the volatility index saw a sharp increase of 25% compared to the previous week. This week, the market is eyeing the union budget which is set to be announced on Wednesday. That said, don’t let the market action get you down! This week in our newsletter, we’re showcasing the top ideas and educational posts from the community. This includes a write-up on the market structure, a few hot trade ideas, and a new script on pivot points.

Ideas from our Community

Introduction to market structure

In this article, we'll dive into market structure, providing insightful examples to enhance your understanding of this concept. Market structure is a basic form of understanding how the markets move. It can be seen as the flow of the price between a series of swing highs and swing lows.