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Wednesday, June 11, 2014
Our market made a positive start of the day and continued its optimism to test the 7700 mark for the first time ever. However, some of the skeptical traders chose to take some money off the table...
Tuesday, June 10, 2014
Our market opened marginally higher; but immediately pared down all gains in just five minutes of the session. This was followed by a sharp correction, which pulled the Nifty nearly a percent lower...
Monday, June 9, 2014
Our benchmark index posted positive gains in five out of last six sessions. The Nifty added another 70 points to the previous close and as a result, managed to close above the 7600 mark for the...
Friday, June 6, 2014
During the concluded week, the benchmark Nifty closed in the positive in four of the five trading sessions. This is a clear sign of a strong uptrend. A sizable intra-week rally pushed the Nifty...
Thursday, June 5, 2014
It was a complete lull session for our market as the Nifty traded within just 40 points during the entire session. As mentioned in our previous report, Nifty could not convincingly trade above 7428...
Index made a cautious start during the initial trades; but suddenly we observed a strong buying interest in few index heavyweights. This momentum accelerated as the day progressed and in the...
Tuesday, June 3, 2014
It was a cheerful start for the new week as the index witnessed a spell-binding up move. Index opened higher mainly on the back of a strong opening given by a heavyweight constituent, Larsen &...
Yesterday, our benchmark index opened with a positive bias and remained quiet just ahead of the RBI monetary policy. However, post the announcement, index slipped marginally in the negative...
Saturday, May 31, 2014
After three positive trading weeks and a vertical rally, traders chose to take some money off the table. The Nifty maintained its trading range of 7564 to 7067 mentioned in our previous report by...
Thursday, May 29, 2014
We witnessed a very quiet session just one day ahead of May month derivative expiry. The difference between days high and low is merely 42 points. This clearly indicates how narrow was the range...
This was the second consecutive month where we witnessed a genuine movement on the derivative expiry session. Yesterday, our market maintained a single direction (downward) throughout the session...
Wednesday, May 28, 2014
Yesterdays session was relatively easier to understand for intraday traders as the index maintained a single bias throughout the day, which was negative. Although, index has managed to shed nearly...