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Monday, December 15, 2014
Yesterday, we witnessed a gap down opening in our market; but, the bears failed to hold it below the 8180 mark as the Nifty immediately recovered after few initial trades. During the remaining part...
The action in the concluded week was completely dominated by the bears as four out of the five trading session in the week ended in the negative territory. Fears of a slowdown in China along with...
Thursday, December 11, 2014
The impact of negative global cues was seen on our market during the initial hour as the index opened marginally lower and then fell sharply to breach the psychological level of 8300. However, the...
Wednesday, December 10, 2014
After witnessing a vertical correction for past couple of days, our benchmark index took a pause around the 8320 mark. However, considering the daily chart structure along with the negative...
For the second consecutive session, our market remained under strong selling pressure. The Nifty has shed merely two percent in couple of days; but, the individual stocks have corrected...
Monday, December 8, 2014
For the first time after October 16, 2014, our benchmark index (Nifty) closed with a single day loss of more than a percent. Yesterday, the Nifty opened on a subdued note; but, immediately started...
We witnessed mixed sentiments from market participants right from the initial trades of the week. The Nifty struggled to sustain itself above the 8600 mark. Twice during the week, the Nifty...
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...