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Monday, January 23, 2017
On Friday, a gap down opening was followed by a strong selling pressure in the second half, which led to a breakdown on intraday charts below the support zone of 8397–8370 level. In the process,...
Tuesday, January 17, 2017
Trading for the week kicked off on a slightly weaker note owing to negative cues from the Asian bourses. Subsequently, the Nifty consolidated within a narrow range with a mildly negative bias for...
Monday, January 16, 2017
Last week, we saw Nifty struggling around the 8300 mark, in fact, the same thing was witnessed in the early part of the week gone by. However, similar to 8200, the index chose to surpass this...
Friday, January 13, 2017
Although, we can see Nifty ending in the green, the overall intraday movement was quite range bound and lethargic. The index opened higher as indicated by the SGX Nifty and then corrected...
Thursday, January 12, 2017
Similar to 8200, yet another hurdle of 8300 got thrashed with an upside gap owing to strong positive cues from Emerging markets. After a small consolidation, the momentum accelerated in the upward...
Wednesday, January 11, 2017
Our benchmark index opened higher taking positive cues from most of the Emerging Markets as the US Dollar index slipped below the 102 mark. Subsequently, we saw consolidation happening in a narrow...
Tuesday, January 10, 2017
Our markets began the new trading week with a mildly positive bias owing to positive cues from the Asian bourses. However, we saw minor dip from early mornings high which was then followed by a...
Monday, January 9, 2017
Its been a week of consolidation for our market after seeing a spectacular recovery in the previous week posting a new ten month low of 7893.80. However, things were quite clear due to this...
Friday, January 6, 2017
Looking at past three days selling pressure at 8200, opening above this level was the only option left to surpass this strong hurdle and we saw this yesterday as the Nifty convincingly opened...
Thursday, January 5, 2017
For the third consecutive session, we witnessed similar price action wherein the Nifty opened higher and then faced strong selling pressure at higher levels. Once again, the index failed to sustain...
Wednesday, January 4, 2017
Yesterdays session was a replica of previous one as the index opened higher and then corrected in the initial hours. This was followed by a decent recovery in the second half to surpass the 8200...