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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...
Wednesday, August 3, 2016
Yesterdays session opened on a flat note despite the SGX Nifty having indicated a soft start for our market. Quite similar to the previous session, the Nifty inched higher in the first half,...
Tuesday, August 2, 2016
Trading for the week began slightly higher owing to mix cues from the global bourses. Subsequently, we witness a continuation of the ongoing optimism and within no time the index reached yet...
Monday, August 1, 2016
The Nifty continued with its uptrend in the week gone by and tested the 8655 mark, which was on our expected lines. If we observe the daily chart meticulously, the last three weeks up move in the...
Friday, July 29, 2016
Yesterday, we saw Nifty opening on a flat note and then picked up a strong momentum in the initial hour to test the 8650 mark. However, unlike previous two sessions, the Nifty managed to hold on to...
Thursday, July 28, 2016
Post the flat opening in yesterdays session, the index picked up a strong momentum on the upside in the initial hour of the trade and in the process, went on to break the major hurdle of 8655. At...
Wednesday, July 27, 2016
Yesterday, our benchmark index opened on a flat note owing to mixed global cues. Subsequently, the Nifty consolidated within a small range for quite some time. However, a strong selling pressure in...
Tuesday, July 26, 2016
Yesterday, we saw Nifty opening lower mainly on the back of weak set of 1QFY2017 numbers from the heavyweight banking counter, Axis Bank, over the weekend. However, this weakness was merely a...
Monday, July 25, 2016
It was yet another week of consolidation for our market as the Nifty oscillated within a narrow range of 110 points over the five trading sessions. However the index movement didnt exactly...