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Wednesday, November 6, 2013
A four day winning streak has finally come to end as the index trimmed by a percent during yesterdays session. Going forward, previous highs of 6305 – 6358 levels are seen as major resistances for...
Tuesday, November 5, 2013
The festival of lights has tried to usher in cheer on Dalal street as Sensex crossed the previous all-time high of 21206.77 on Friday and the Nifty is now almost on the verge of registering a new...
Friday, November 1, 2013
Yesterday, we witnessed all-time high in the Sensex on a closing basis. This has resulted in a breakout from the multiple resistance zones on the line chart. Unlike, any other normal derivative...
Thursday, October 31, 2013
Tuesdays strong rally was followed by a quiet but positive session. Yesterday, the index has closed at the 6250 mark, which is the multi-year high for the index, on a closing basis. The index is...
Wednesday, October 30, 2013
Yesterday, post the announcement of the monetary policy the index soared higher to close convincingly above the 6200 mark. In our previous report we had mentioned that the index is hovering around...
Tuesday, October 29, 2013
The Nifty has now closed marginally above the psychological level of 6100 mark. During yesterdays session, some of the constituents experienced enormous selling pressure, which resulted in daily...
Monday, October 28, 2013
Finally, the three weeks winning streak has come to an end as modest profit booking in some of the heavyweight constituents refrained bulls from making their mark beyond the important resistance...
Friday, October 25, 2013
The index opened quietly but surged upwards to cross the stiff resistance of 6230 mark. However, the bulls were completely deceived as the index nosedived after posting a high of 6253. Despite...
Thursday, October 24, 2013
Finally, after two lackluster days, the Nifty gave a decent intraday move. The bears had upper hand during the first half but a V shape recovery towards the latter part trimmed a major part of...
Wednesday, October 23, 2013
Yesterdays session was the replica of Mondays session as the market traded with extreme lackluster movement and within a narrow range. Thus, another Narrow Range body has been formed on the daily...
Tuesday, October 22, 2013
Finally, the Nifty managed to close above the psychological level of 6200 for the first time after 11th November 2010. Although, we witnessed a positive closing, the overall activity was very...
Monday, October 21, 2013
The bulls ended the week on a cheerful note and as a result, the index (Nifty) has now closed just a tad below the psychological mark of 6200. We are witnessing a convincing weekly closing above...