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Tuesday, September 25, 2012
After a steep intraday rally on last Friday, it was evident to have a flat opening in our markets. As mentioned in our weekly report, there is a possibility that our benchmark indices may...
The Nifty futures open interest increased by 6.44% while...
Monday, September 24, 2012
Yesterday was the third consecutive Friday on which the Nifty posted a closing in excess of 100 points (i.e. nearly a 2% gain). Our benchmark indices have now rallied nearly 10% from the recent...
Friday, September 21, 2012
As expected, our markets showed some weakness below 18469 / 5586 and tested the mentioned support level 18380 / 5550. However, considering the bigger picture, the undertone remains bullish and this...
Thursday, September 20, 2012
After a strong rally, it is normal for the markets to show some signs of consolidation. In line with expectations, the daily chart now depicts a Narrow Rangebody formation, which indicates that the...