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Thursday, December 26, 2013
The previous session was the replica of Mondays session where our benchmark index remained range bound and corrected slightly towards the end of the day. Thus, there is no major change in the chart...
Tuesday, December 24, 2013
The penultimate week of calendar year 2013 commenced on a flat note after a strong up move seen in Fridays session. During the day, our benchmark index oscillated within a narrow range and profit...
Monday, December 23, 2013
The market witnessed significant volatility and see-saw movement during the week and it were the bulls who had the last laugh. As estimated in our previous report, the index gave decent respect to...
Friday, December 20, 2013
The optimism from the RBI Monetary policy was followed by the Taper Talk from the FOMC meet on Wednesday night. As a result, despite strong overnight cues from US bourses, the bulls failed to mark...
Thursday, December 19, 2013
The RBI Governor Raghuram Rajan pleasantly surprised everyone by keeping the key policy rates unchanged despite higher inflation. The bulls welcomed this policy stance with open arms and hence, the...
Wednesday, December 18, 2013
The benchmark index opened higher as indicated by the SGX Nifty. However, the opening point coincided with the hourly 20 EMA, which acted as a strong resistance for our market. As a result, steady...
Tuesday, December 17, 2013
We witnessed lethargic and range bound activity just ahead of major events such as, the RBI Monetary policy and FOMC meet. It was completely an index balancing act where the Oil & Gas counters...
Monday, December 16, 2013
It was an eventful week for our market as the bulls conquered the previous life time high of 6357 on the Nifty at the opening tick on Monday. The index went on to register a new all time high (6415...
Friday, December 13, 2013
It was the hat-trick for our market as they opened lower for three consecutive sessions. Unlike other two sessions, yesterday, the bears pushed the bulls to the wall during the final hour of the...
Thursday, December 12, 2013
Yesterdays low precisely coincides with the mentioned support level of 6280. This level provided a strong support for the index and the index has managed to close above the psychological level of...
Wednesday, December 11, 2013
After posting a new all time high, the cautious bulls chose to partially fill Mondays upside gap on the back of minor profit booking. In our earlier report, we had mentioned a strong support zone...