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Thursday, September 5, 2013
As expected and mentioned in yesterdays report, the Nifty found a decent support around 5295 level, which is the upper trend line level of the Channel pattern formed in an hourly chart. This level...
Wednesday, September 4, 2013
This was the third session in last 15 trading sessions where the Nifty posted a mammoth intraday fall of nearly four percent on closing basis. At this juncture, the Nifty is hovering around the...
Tuesday, September 3, 2013
Yesterday, we had mentioned of a breakout from the hourly Downward Sloping Channel and the positive crossover in weekly Stochastic momentum oscillator. In-line with our expectations, Nifty traded...
Monday, September 2, 2013
It was a complete roller-coaster ride for the market participants as we witnessed a V shape recovery from the lows. In our previous report, we had mentioned that if the Nifty stays above 5504, then...
Friday, August 30, 2013
Yesterday, despite being a derivative expiry session, we did not see any volatile movement. Considering past two trading sessions, it can be concluded that the bulls have completely outsmarted the...
Thursday, August 29, 2013
We witnessed a roller-coaster ride during yesterday’s session where the initial half dominated by the bears and the latter half was overshadowed by the bulls. The weakness was seen mainly on the...
Wednesday, August 28, 2013
Yesterdays price movement was a replica of the massive fall seen on August 16, 2013. This was mainly on the back of increasing concerns over ongoing depreciation in Indian Rupee (INR) and rise in...