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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...
Friday, July 22, 2016
A strong up move on Wednesday was followed by a gap up opening as indicated by the SGX Nifty. However, this early morning lead was very short lived as the Nifty pared down all gains within first 10...
Thursday, July 21, 2016
Yesterday too our markets opened on a flat note owing to mixed global cues. However, despite negative start from IT conglomerates (on the back of weak set of 1QFY2017 numbers from Wipro), our...
Wednesday, July 20, 2016
We witnessed a flat opening yesterday as indicated by the SGX Nifty. During the initial hours, the Nifty hovered tad above the 8500 mark and then moved higher. However, we saw a strong selling...
Tuesday, July 19, 2016
The opening session of the week began with a mildly positive bias owing to mixed global cues. Subsequently, the index maintained its positivity throughout the first half and at one point of time,...
Monday, July 18, 2016
The market participants seem to be living up to the famous quote Trend is your friend as the ceiling of the market drifts higher and higher with successive resistance levels getting thrashed. On...
Friday, July 15, 2016
Yesterday, our markets opened on a flat note owing to mixed global cues. However, after some initial consolidation, the Nifty picked up a strong momentum which lasted till the closing trade of the...
Thursday, July 14, 2016
Yesterdays session opened tad higher owing to positive cues from the Asian peers. Subsequently, we witnessed a range bound session within very narrow band to conclude on a flat note. It was clearly...
Tuesday, July 12, 2016
Trading for the week kick started on a cheerful note mirroring to strong cues from the global peers. In fact, the index managed to extend this lead as we witnessed a gradual march to end the...
Monday, July 11, 2016
During the week gone by, the Nifty oscillated in a narrow range of 111 points and eventually managed to defend the 8300 mark. Our interpretation of last week’s consolidation is of it being a Time...