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Friday, August 16, 2013
Despite disappointing inflation numbers the index has managed to hold its previous days optimism. This was mainly on the back of the positive crossover in daily RSI-Smoothened oscillator. We are...
Wednesday, August 14, 2013
We have been mentioning that the momentum oscillators on daily chart are placed well inside the extreme oversold territory and hence, the possibility of near term bounce is quite high. In-line with...
Tuesday, August 13, 2013
As expected, the opening session of the week began on a positive note. We are witnessing strong pullback rallies in selective counters of the index, which kept Nifty well inside the positive...
Monday, August 12, 2013
We have witnessed massive erosion of more than ten percent from the recent swing high of 6094 in merely three weeks. In our previous report, we had mentioned that indices are oscillating within the...
Thursday, August 8, 2013
Tuesdays massive intraday correction was followed by a subdued opening. However, the bears made an early attempt to resume its downtrend during the initial hour. As a result, the Nifty slipped...
Wednesday, August 7, 2013
Yesterdays massive intraday fall was on account of the Rupee depreciation seen in the currency markets as the Rupee traded at an all time low against the dollar. With regards to Equities, we have...
Tuesday, August 6, 2013
In our previous report, we had mentioned that the Nifty is hovering near the strong support zone of the 78.6% Fibonacci retracement level of the recent up. Yesterday, it was the fourth consecutive...