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Thursday, December 4, 2014
Quite surprising to most of the market participants, we witnessed a strong gap up opening beyond 8600, mainly propelled by the heavyweight constituent, the ITC. In the process, the Nifty registered...
Wednesday, December 3, 2014
Mondays modest profit booking was followed by slightly weak opening in our market. The index then maintained its narrow range throughout the remaining session to close above the 8500 mark. Since,...
Similar to Tuesdays session, we witnessed yet another dull session in our market. In fact, the entire days range was narrower than the previous session. Looking at the hourly chart, it seems that...
Monday, December 1, 2014
Although, the index corrected by nearly 70 points from the morning highs; the overall movement was quite lethargic across the broader market. Hence, the chart structure still remains unchanged. We...
Saturday, November 29, 2014
As in the previous week, the concluding session turned out to be a trend decider for the concluded week as well. As mentioned in our earlier report, the Nifty marched towards the target levels of...
Friday, November 28, 2014
Despite being a derivative expiry session, we witnessed a lethargic and range bound movement for the most part of the session. Due to modest up move in the late trade, the benchmark index managed...
Wednesday, November 26, 2014
Yesterdays session can be termed as a Range Bound session as the index managed to oscillate within the narrow range of merely 60 points. The market had a quiet session one day ahead of the November...
Two days strong up move was followed by a weak session in our market as the index shed nearly a percent from the previous close. However, this corrective move was quite expected for us as we had...
Monday, November 24, 2014
Yet another session ended in favor of the bulls as the Nifty added half a percent to their kitty. In the process, the index reached yet another milestone and surpassed our initial target of the...
The Nifty was range bound for most part of the week, except for the Fridays session. During the first half of the week, we observed that the index was struggling to sustain around 8420 – 8450...
Friday, November 21, 2014
Wednesdays weak session was followed by a positive opening in the market. However, the bulls could not hold the Nifty above 8400 for too long. Similar to the previous session, we witnessed a modest...
Thursday, November 20, 2014
Yesterday, the Nifty posted a new high by a very small margin; but failed to maintain its position at the higher end. After a minor dip from the morning high, the Nifty consolidated for the major...