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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...
Tuesday, September 18, 2012
Yesterday’s gap up opening in our markets was mainly on account of positive developments including FDI in retail & aviation. Indices crossed 18524 /5630 level but have failed to close above it...
Monday, September 17, 2012
Finally, it clearly seems that this is a “September to remember”. All events, domestically as well as globally have now ruled in the favor of equity markets across the globe. As a result, the week...
Friday, September 14, 2012
Skepticism among market participants, prior to the Feds announcement was expected in yesterdays session. Going forward, in line with other Asian Markets, we expect the Nifty to open on a strong...