Is light at the end of the tunnel?
We sure hope so. While the markets suffered, models held their own against the index this week. News of Silicon Valley Bank's bankruptcy cut deep into the markets.
Panic spread everywhere as many saw doomsday approaching, calling the incident a starter to a total financial systemic collapse.
Come Thursday, myths about falling global financial health were dispelled, along with some positive cues in the global markets like falling crude prices and recovery in the metals.
IT, Metals and Realty sectors were the major drivers for the index this week. The sentiments remain positive for the upcoming week.
Nifty Rider does its job again, capturing 1.91% in this down move. Nightcrawler and Alpha Ally also did well by being positive this week. As far as other models are concerned, they may have ended in red but still performed better than NIFTY, which closed at -1.71%.
Summer is upon us. Time to get some watermelons, maybe even kick back with some cold ones. Have a relaxing weekend, we'll see you back next week.