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Monday, December 16, 2013
It was an eventful week for our market as the bulls conquered the previous life time high of 6357 on the Nifty at the opening tick on Monday. The index went on to register a new all time high (6415...
Friday, December 13, 2013
It was the hat-trick for our market as they opened lower for three consecutive sessions. Unlike other two sessions, yesterday, the bears pushed the bulls to the wall during the final hour of the...
Thursday, December 12, 2013
Yesterdays low precisely coincides with the mentioned support level of 6280. This level provided a strong support for the index and the index has managed to close above the psychological level of...
Wednesday, December 11, 2013
After posting a new all time high, the cautious bulls chose to partially fill Mondays upside gap on the back of minor profit booking. In our earlier report, we had mentioned a strong support zone...
Tuesday, December 10, 2013
It was a historical day for Indian equity markets as the Modi factor gave an adrenaline shot to the bulls. Finally, our index has convincingly conquered 6357 to post a new all-time high. The daily...
Monday, December 9, 2013
Last weeks strong comeback was followed by yet another decent up move from the bulls. In our previous report we had mentioned a breakout from the Triangular Pattern (please refer the exhibit 2). In...
Friday, December 6, 2013
Yesterday, the bulls were completely overwhelmed as the exit poll results indicated that BJP (Bhartiya Janata Party) may have a thumping victory in the state elections. The momentum lifted the...
Thursday, December 5, 2013
Yesterday, after a range bound activity in the first half, weak hands exited the market ahead of the exit polls. As a result, the Bearish Harami pattern mentioned in our earlier report got...
Wednesday, December 4, 2013
After a decent up move seen over the past couple of trading sessions, the market is consolidating. Yesterday the index oscillated within the minor trading range of half a percent throughout the...
Tuesday, December 3, 2013
Fridays strong rally was followed by a decent opening in our market. In line with expectations and as an outcome of the Triangular Pattern breakout confirmed on Friday the bulls marched on...
Monday, December 2, 2013
The bulls have bounced back strongly to conclude the week as well as month on a cheerful note. As mentioned in our previous report, the 89 EMA on daily chart played a sheet anchor role for our...
Thursday, November 28, 2013
Yesterday, the price action was quite range bound and we witnessed the formation of yet another Inside Day Japanese candlestick pattern on the daily charts. Since there is no major change in the...