Weekly Analysis | October 4th Week | 2026 | Vijay Thakkar

Vijay Thakkar • 7 days ago

Original source

What This Video Is About

The video discusses the main reasons behind the market correction that occurred last week, analyzing the Nifty and Bank Nifty charts to understand the market trends. The speaker also explores the sectors that performed well despite the overall market downturn.

Major Ideas Discussed

  • The Nifty index fell by almost 2% last week, wiping out the previous week's gains, and closed below its previous swing high.
  • The Bank Nifty experienced less selling pressure than the Nifty, falling by around 3%.
  • The Small Cap, Mid Cap, and Micro Cap indices experienced significant corrections, with falls of around 4%.
  • Several factors are influencing the market, including the dollar index, India VIX, 10-year US bond yield, and crude oil price.
  • The IT sector has been strong, with the IT index trading near its all-time high, and stocks like Tech Mahindra and COFO are worth watching.
  • Tech Mahindra's monthly chart shows a cup and handle formation, with the stock trading near its all-time high, and COFO's monthly chart shows a strong uptrend.

What to Watch Next

The speaker suggests keeping an eye on the IT sector, particularly Tech Mahindra and COFO, as well as small cap and mid cap stocks with good fundamentals and strong results. The market's reaction to the recent results of these stocks will be important to watch.