{"id":4567,"date":"2024-08-24T13:58:54","date_gmt":"2024-08-24T13:58:54","guid":{"rendered":"https:\/\/navia.co.in\/blog\/?p=4567"},"modified":"2024-09-03T07:13:55","modified_gmt":"2024-09-03T07:13:55","slug":"navia-weekly-roundup-august-19-august-23-2024","status":"publish","type":"post","link":"https:\/\/navia.co.in\/blog\/navia-weekly-roundup-august-19-august-23-2024\/","title":{"rendered":"Navia Weekly Roundup (AUGUST 19 &#8211; AUGUST 23, 2024)"},"content":{"rendered":"\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><nav><ul><li class=\"\"><a href=\"#week-in-the-review\">Week in the Review<\/a><\/li><li class=\"\"><a href=\"#indices-analysis\">Indices Analysis<\/a><\/li><li class=\"\"><a href=\"#interactive-zone\">Interactive Zone!<\/a><\/li><li class=\"\"><a href=\"#sector-spotlight\">Sector Spotlight<\/a><\/li><li class=\"\"><a href=\"#explore-our-features\">Explore Our Features!<\/a><\/li><li class=\"\"><a href=\"#currency-chronicles\">Currency Chronicles<\/a><\/li><li class=\"\"><a href=\"#commodity-corner\">Commodity Corner<\/a><\/li><li class=\"\"><a href=\"#blog-of-the-week\">Blog of the Week!<\/a><\/li><li class=\"\"><a href=\"#n-coins-rewards\">N Coins Rewards<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"week-in-the-review\">Week in the Review <\/h2>\n\n\n\n<p>The markets are still reeling from the crash on August 5, 2024, triggered by a combination of factors, including a Japanese rate hike and recession fears in the US. The impact was severe in Asia, with Japan&#8217;s Nikkei index dropping over 12%, while the US markets saw a smaller but significant dip, with the S&amp;P 500 and Nasdaq falling over 3%\u200b<\/p>\n\n\n\n<p>Sensex and Nifty both experienced a rough start,  due to weak earnings reports, especially from banking and metal sectors. Despite the early downturn, there was some recovery towards the end of the week, supported by gains in the IT sector\u200b<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"indices-analysis\">Indices Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-26-1024x576.png\" alt=\"Indices Analysis\" class=\"wp-image-4569\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-26-1024x576.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-26-300x169.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-26-150x84.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-26-768x432.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-26-1536x864.png 1536w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-26.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The NSE Nifty 50 index inched up by 1.15% to close at 24,823, while the S&amp;P BSE Sensex added 0.81%, ending at 81,086. and formed a bullish candlestick pattern on the weekly timeframe, continuing the formation of higher highs and higher lows for another week, which is a positive sign.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"interactive-zone\">Interactive Zone!<\/h2>\n\n\n\n<p><strong>Last week\u2019s poll:<\/strong><br><strong>Q) The worth of a derivative contract ____ throughout the term of the contract.<\/strong><\/p>\n\n\n\n<p>a) Increases.<\/p>\n\n\n\n<p>b) Decreases.<\/p>\n\n\n\n<p>c) Varies in accordance with the price of the contract\u2019s \u201cunderlying\u201d worth.<\/p>\n\n\n\n<p>d) None of the above.<\/p>\n\n\n\n<p><strong>Last week\u2019s poll Answer:<\/strong> c) Varies in accordance with the price of the contract\u2019s \u201cunderlying\u201d worth.<\/p>\n\n\n\n<p><strong>Poll for the week<\/strong>: <strong><strong>____ is not the concern of the Securities and Exchange Board of India (SEBI).<br><\/strong><\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color has-text-align-center wp-element-button\" href=\"https:\/\/tradeplusonline.typeform.com\/polloftheweek?typeform-source=navia.co.in\" style=\"background-color:#21a273\">Click to Participate<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"sector-spotlight\">Sector Spotlight<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"864\" height=\"910\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Sector-12.png\" alt=\"Sector performance\" class=\"wp-image-4582\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Sector-12.png 864w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Sector-12-285x300.png 285w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Sector-12-142x150.png 142w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Sector-12-768x809.png 768w\" sizes=\"(max-width: 864px) 100vw, 864px\" \/><\/figure>\n\n\n\n<p>Among sectoral indices, NIFTY Consumer Durables rose by 3.16%, NIFTY PSU Bank increased by 2.54%, and NIFTY Metal also gained 3.30%. NIFTY Pharma advanced 1.91%, while NIFTY Realty was the lone loser, dropping by 2.91%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"explore-our-features\">Explore Our Features!<\/h2>\n\n\n\n<p><strong> Navia App&#8217;s Stock SIP: Your Path to Smart Stock Investing!<\/strong><\/p>\n\n\n\n<p>Discover how to efficiently shortlist the best stocks using the Navia app! Our tutorial offers a step-by-step guide to leveraging its powerful features for effective stock selection.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/youtube.com\/shorts\/YSRu-SJwQtQ?si=_Eadf-BsMnjVJU8E\" style=\"background-color:#296788\">Watch Video<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"top-gainers-and-losers\">Top Gainers and Losers<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-27-1024x576.png\" alt=\"top gainers and losers\n\" class=\"wp-image-4585\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-27-1024x576.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-27-300x169.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-27-150x84.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-27-768x432.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-27-1536x864.png 1536w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-27.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"currency-chronicles\">Currency Chronicles<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-28-1024x576.png\" alt=\"Currency \" class=\"wp-image-4594\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-28-1024x576.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-28-300x169.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-28-150x84.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-28-768x432.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-28-1536x864.png 1536w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-28.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-luminous-vivid-orange-color has-text-color has-link-color wp-elements-f42b7404420abf0491a756ae233f9bb6\"><strong>USD\/INR:<\/strong><\/p>\n\n\n\n<p>The Indian rupee remained steady against the U.S. dollar this week, closing slightly higher at \u20b983.96 compared to last week&#8217;s \u20b983.94. The currency exhibited minimal fluctuations throughout the week.<\/p>\n\n\n\n<p class=\"has-luminous-vivid-orange-color has-text-color has-link-color wp-elements-41e5a83422700b26ccef7411419e117e\"><strong>EUR\/INR:<\/strong><\/p>\n\n\n\n<p>The euro gained strength against the rupee, rising by 1.44% over the week to reach \u20b993.81. Market sentiment for the EUR\/INR pair remains bullish, reflecting confidence in the euro&#8217;s performance.<\/p>\n\n\n\n<p class=\"has-luminous-vivid-orange-color has-text-color has-link-color wp-elements-f4659f19e3c19ba3a530fc14bcfb331c\"><strong>JPY\/INR:<\/strong><\/p>\n\n\n\n<p>The Japanese yen saw a significant increase, climbing 2.19% against the rupee. The JPY\/INR rate closed at \u20b90.586025 for the week, supported by positive market sentiment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"commodity-corner\">Commodity Corner<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Commodity-11-1024x576.png\" alt=\"Commodity  performance\" class=\"wp-image-4590\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Commodity-11-1024x576.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Commodity-11-300x169.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Commodity-11-150x84.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Commodity-11-768x432.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Commodity-11-1536x864.png 1536w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Commodity-11.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>At the 72,000 level, gold experienced selling pressure, which may be due to a technical correction in gold prices. The current resistance level (R1) is at 72,996, and the support level (S1) is at 70,103.<\/p>\n\n\n\n<p>Crude oil experienced strong selling pressure, weighed down by lingering demand concerns from major oil markets. The current resistance level (R1) is placed at 6,330, and the support level (S1) is placed at 5,944<\/p>\n\n\n\n<p class=\"has-text-align-center\">Do you have a question? Ask&nbsp;<a href=\"https:\/\/tradeplusonline.typeform.com\/email-askusque\" target=\"_blank\" rel=\"noreferrer noopener\">here&nbsp;<\/a>and we\u2019ll publish the information in the coming weeks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"blog-of-the-week\">Blog of the Week!<\/h2>\n\n\n\n<div class=\"wp-block-media-text is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/navia.co.in\/blog\/beginners-guide-to-swing-traders\/\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"625\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Mastering-the-Swing-Traders-Market-1-1024x625.png\" alt=\"\" class=\"wp-image-4611 size-full\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Mastering-the-Swing-Traders-Market-1-1024x625.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Mastering-the-Swing-Traders-Market-1-300x183.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Mastering-the-Swing-Traders-Market-1-150x92.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Mastering-the-Swing-Traders-Market-1-768x469.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Mastering-the-Swing-Traders-Market-1.png 1361w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p><strong>Mastering the Swing Trader\u2019s Market: A Guide for Beginner Traders and Investors&nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<p>Master swing trading with our latest blog! Learn to identify and capitalize on the perfect market conditions, spot key indicators, and time your trades for maximum profit. Read more to sharpen your trading skills!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/navia.co.in\/blog\/beginners-guide-to-swing-traders\/\" style=\"background-color:#ec4d37\">Read More<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"n-coins-rewards\">N Coins Rewards<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/04\/unnamed-10-1-1-2-1-1.png\" alt=\"N coins \" class=\"wp-image-2306\" style=\"object-fit:cover\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/04\/unnamed-10-1-1-2-1-1.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/04\/unnamed-10-1-1-2-1-1-300x169.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/04\/unnamed-10-1-1-2-1-1-150x84.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/04\/unnamed-10-1-1-2-1-1-768x432.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Refer your Friends &amp; Family and&nbsp;<strong><a href=\"https:\/\/tradeplusonline.com\/tp-coins\" target=\"_blank\" rel=\"noreferrer noopener\">GET 500 N Coins<\/a><\/strong>.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Do You Find This Interesting?<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/tradeplusonline.typeform.com\/email-feedback\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"86\" src=\"https:\/\/tradeplusonline.com\/tpblog\/wp-content\/uploads\/2023\/11\/image-13-3-1-1.png\" alt=\"\" class=\"wp-image-492\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2023\/11\/image-13-3-1-1.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2023\/11\/image-13-3-1-1-150x43.png 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Week in the Review The markets are still reeling from the crash on August 5, 2024, triggered by a combination of factors, including a Japanese rate hike and recession fears in the US. The impact was severe in Asia, with Japan&#8217;s Nikkei index dropping over 12%, while the US markets saw a smaller but significant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[11,7,21,53,10],"class_list":["post-4567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","tag-financial-goals","tag-indian-stock-markets","tag-investments","tag-marketperformance","tag-rocket-trading-app"],"featured_image_src":"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/feature-images-11.png","author_info":{"display_name":"Navia Markets","author_link":"https:\/\/navia.co.in\/blog\/author\/tradeplusonline\/"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/4567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/comments?post=4567"}],"version-history":[{"count":3,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/4567\/revisions"}],"predecessor-version":[{"id":5029,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/4567\/revisions\/5029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media\/4617"}],"wp:attachment":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media?parent=4567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/categories?post=4567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/tags?post=4567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}