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TASI has closed higher for the 3rd consecutive week, delivering its strongest monthly gain since Jan 2022 — jumping nearly 900 points (+8.5%) in January.
This kind of sharp rally clearly signals fresh buying momentum entering the market. However, after such a strong move, a healthy retest is likely.
What to Watch Next
Outlook
As highlighted earlier, following a sharp rally the index typically looks for consolidation. February could turn out to be a muted or range-bound month, helping the market digest recent gains.
Trading View
As long as TASI holds above 11,000, the bias stays bullish.
Buy on dips remains the preferred strategy.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
