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Monday, August 22, 2016
The last weeks price action has resulted in the formation of a Diamond pattern on the hourly chart with a break out in the upward direction on Thursday. Considering this pattern, the Nifty may...
Friday, August 19, 2016
Yesterday, our markets opened on a cheerful note citing overnight positive cues from the global bourses. The momentum accelerated in the initial hour to break the higher end of the Diamond Pattern...
Thursday, August 18, 2016
Yesterdays session opened on a flat note citing mixed cues from the global peers. Post the consolidation in the first half, the Nifty made a valiant attempt to surpass the higher end (8670 – 8660)...
Wednesday, August 17, 2016
Yesterday, despite the SGX Nifty indicating a gap up opening, our markets started the day on a flat note and within first couple of hours corrected more than half a percent to test the 8600 mark....
Tuesday, August 16, 2016
On Friday, the Nifty opened with marginal gains and continued to move higher throughout the session to end the day with gains of 0.93 percent over its previous close. The last one months price...
Friday, August 12, 2016
Wednesdays weak session was followed by a flat opening in our market owing to mixed global cues. Subsequently, the Nifty extended its previous day’s down move in the initial hour to test the 8550...
Thursday, August 11, 2016
Yesterday, the Nifty opened on a flat note and faced a strong resistance around the 61.8% Fibonacci retracement level (8690) of Tuesdays corrective move from 8728.35 to 8638.20. Due to enhanced...
Wednesday, August 10, 2016
Yesterdays session opened tad higher as indicated by the SGX Nifty. However, this early morning lead was short lived as the index immediately pared down all losses and then consolidated for some...
Tuesday, August 9, 2016
Our markets opened higher to begin the new week on a cheerful note tad above the 8700 mark. However, we witnessed a lethargic and very narrow range movement throughout the day. As a result, the...
Monday, August 8, 2016
The concluded week saw the Nifty witness a minor corrective move after breaching the Rising Wedge pattern. The index then rebounded sharply after nearing the strong support zone of 8500 – 8480...
Friday, August 5, 2016
Yesterday, our markets opened higher owing to overnight developments over the GST Constitutional Amendment Bill. However, as expected, this eventually turned out to be a non event as we saw a sharp...
Thursday, August 4, 2016
Yesterday, our markets opened tad higher; however, this early morning lead was very short lived as the index posted a open high and started trading lower. As expected, we saw gradual decline...