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Tuesday, August 6, 2013
In our previous report, we had mentioned that the Nifty is hovering near the strong support zone of the 78.6% Fibonacci retracement level of the recent up. Yesterday, it was the fourth consecutive...
Monday, August 5, 2013
Last weeks negative closing was followed by yet another pessimistic week as our benchmark indices witnessed tremendous selling pressure. The first sign of caution was the confirmation of a Lower...
Friday, August 2, 2013
Yesterdays price action can be perfectly described as the Roller Coaster Ride as the Nifty moved nearly a percent on both sides. In our previous report, we had mentioned about the formation of a...
Thursday, August 1, 2013
Yesterday, the Nifty sneaked below Tuesdays low of 5747 and met with our target of 5679, which is the 78.6% Fibonacci retracement level of the rise from 5566 (low on June 24, 2013) to 6094 (high on...
Wednesday, July 31, 2013
Yesterday, the fifth consecutive session has ended in favor of the bears. As expected, the Nifty has now closed well below the psychological level of 5800 and also below the 61.8% Fibonacci...
Tuesday, July 30, 2013
Fridays negative closing was followed by yet another weak session as indices lost another percent during the day. We have been mentioning a support level of 89-EMA placed at 5881. This level has...
Monday, July 29, 2013
Our benchmark indices have broken their winning streak in the fifth week. On Wednesday, we witnessed a breakdown from the Rising Wedge pattern below 20065 / 6004. A move below last weeks low of...