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Friday, October 25, 2013
The index opened quietly but surged upwards to cross the stiff resistance of 6230 mark. However, the bulls were completely deceived as the index nosedived after posting a high of 6253. Despite...
Thursday, October 24, 2013
Finally, after two lackluster days, the Nifty gave a decent intraday move. The bears had upper hand during the first half but a V shape recovery towards the latter part trimmed a major part of...
Wednesday, October 23, 2013
Yesterdays session was the replica of Mondays session as the market traded with extreme lackluster movement and within a narrow range. Thus, another Narrow Range body has been formed on the daily...
Tuesday, October 22, 2013
Finally, the Nifty managed to close above the psychological level of 6200 for the first time after 11th November 2010. Although, we witnessed a positive closing, the overall activity was very...
Monday, October 21, 2013
The bulls ended the week on a cheerful note and as a result, the index (Nifty) has now closed just a tad below the psychological mark of 6200. We are witnessing a convincing weekly closing above...
Friday, October 18, 2013
Yesterday, the Nifty remained under pressure throughout the session. With reference to our previous reports, the strong resistance level of 6143 is still intact on a closing basis. Hence, we...
Thursday, October 17, 2013
On Tuesday, despite a strong opening, the market pared down all early gains to close with minor losses. Strong results from Reliance and the probable end of the US shutdown has not impacted the...
Tuesday, October 15, 2013
It seems that the market is discounting each and every negative development as the market shrugged off the lower IIP numbers and also ignored higher September month WPI inflation numbers. The...
Monday, October 14, 2013
During the week, the bulls clearly dominated the market and marched on to conquer the 6000 mark. In our previous report, we had clearly mentioned that traders should await a sustainable move either...
Friday, October 11, 2013
The index has finally managed to hold its early morning trend. However, yesterdays session was lackluster and range bound. The Nifty has now approached the 78.6% Fibonacci retracement level (6048)...
Thursday, October 10, 2013
Yesterday, it was the fourth consecutive session where market showed dual sentiments as the opening tick was in favor of the bears and later a strong recovery by the bulls lead to significant gains...