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Thursday, November 21, 2013
Yesterday, after a dull session on Tuesday and range bound activity in the first half, we witnessed a sharp correction from intraday highs. In the process, the Nifty plunged nearly one and half a...
Wednesday, November 20, 2013
We witnessed lethargic and range bound activity during yesterday session. In our previous report, we had mentioned that the 61.8% Fibonacci retracement level of the recent fall might act as a...
Tuesday, November 19, 2013
The bulls have tasted success as they managed to recover 200 nifty points in merely two trading sessions. Yesterday, during the initial hour, the index managed to conquer the hourly 89 EMA and then...
Monday, November 18, 2013
Finally, on Thursday, the bulls managed to snap the seven straight sessions losing streak and the nifty has closed convincingly above the 6000 mark. During the week, the Nifty moved towards the...
Thursday, November 14, 2013
In line with the previous six sessions, the tug-of-war continued during yesterdays session as well. In the process, the Nifty has now closed tad below the psychological level of 6000 mark. However,...
Wednesday, November 13, 2013
Yet another trading session turned in favor of the bears as the Nifty shed another percent from the previous days closing. Similar to other sessions, yesterday to the index showed dual sentiments...
Tuesday, November 12, 2013
This was fifth consecutive session where the Nifty closed in the negative territory. Mondays price action was almost a replica of previous trading sessions. Despite a decent intraday bounce, the...
Monday, November 11, 2013
All the four trading sessions during the week ended in the negative territory, indicating skepticism among market participants near historical highs. The higher degree chart remains bullish, but...
Friday, November 8, 2013
During yesterdays session, we witnessed dual sentiments in the market as the index suddenly surged higher but later the positive momentum fizzled out and the whole rise got sold into. This price...
Thursday, November 7, 2013
Yesterday, it was the second consecutive session where we witnessed a lethargic movement; but the bias remained bearish throughout the session. During the session, the Nifty sneaked marginally...
Wednesday, November 6, 2013
A four day winning streak has finally come to end as the index trimmed by a percent during yesterdays session. Going forward, previous highs of 6305 – 6358 levels are seen as major resistances for...
Tuesday, November 5, 2013
The festival of lights has tried to usher in cheer on Dalal street as Sensex crossed the previous all-time high of 21206.77 on Friday and the Nifty is now almost on the verge of registering a new...