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Monday, January 4, 2016
We have been mentioning about the key points of 7950 – 7970 on the Nifty since the past couple of weeks. The index has now reached these levels and is nearing its recent high of 7979. This level...
Friday, January 1, 2016
Yesterday, our markets opened marginally higher as indicated by the SGX Nifty. The index consolidated for the major part of the session. However, a good up move in the final hour added half a...
Thursday, December 31, 2015
Yesterdays session too opened on a muted note owing to subdued global bourses. During the first half, Nifty remained within a narrow range; however, a modest correction towards the fag end led to...
Monday, December 28, 2015
During the week, the Nifty not only managed to hold the 7800 mark but also surpassed the hurdle of 7852.90. Ideally, such price development should have been followed by a good upward momentum,...
Thursday, December 24, 2015
Yesterday, our markets opened with a decent upside gap owing to positive cues from the global bourses. The index then went on to break the recent hurdle of 7852.90 in the initial hour. Ideally,...
Tuesday, December 22, 2015
Trading for the week began on a soft note despite extremely negative cues from US bourses. The index managed to recover steadily in the initial hour and kept on ascending throughout the remaining...
Monday, December 21, 2015
In our previous report, we had mentioned about the strong support standing at the September low of 7539.50. In line with our expectation, the Nifty’s decline was arrested at the 7551.05 mark on...
Friday, December 18, 2015
Yesterday, our markets opened higher on the back of a strong overnight rally in US bourses post the Fed rate hike. Subsequently, index corrected a bit after testing the 7800 mark and remained...
Wednesday, December 16, 2015
Yesterday, our markets opened higher citing positive global...
Tuesday, December 15, 2015
Opening session of the week began with a downside gap considering extremely negative global cues. However, the bulls showed tremendous resilience near days low to shrug off these negative...
Friday, December 11, 2015
Yesterday, our market opened slightly higher as indicated by the SGX Nifty. The bulls then convincingly managed to defend the 7600 mark throughout the remaining part of the session. In fact, the...
Thursday, December 10, 2015
Yesterdays session too opened slightly lower in line with weak global cues. Subsequently, the index kept on descended as the day progressed and as a result, eventually ended the session with more...