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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...
Friday, November 1, 2013
Yesterday, we witnessed all-time high in the Sensex on a closing basis. This has resulted in a breakout from the multiple resistance zones on the line chart. Unlike, any other normal derivative...
Thursday, October 31, 2013
Tuesdays strong rally was followed by a quiet but positive session. Yesterday, the index has closed at the 6250 mark, which is the multi-year high for the index, on a closing basis. The index is...
Wednesday, October 30, 2013
Yesterday, post the announcement of the monetary policy the index soared higher to close convincingly above the 6200 mark. In our previous report we had mentioned that the index is hovering around...
Tuesday, October 29, 2013
The Nifty has now closed marginally above the psychological level of 6100 mark. During yesterdays session, some of the constituents experienced enormous selling pressure, which resulted in daily...
Monday, October 28, 2013
Finally, the three weeks winning streak has come to an end as modest profit booking in some of the heavyweight constituents refrained bulls from making their mark beyond the important resistance...